Malibu Real Estate News
Malibu
California Realtors Predicting a Rosier 2025 for Local Home Sales
The California Association of Realtors (C.A.R.) has recently released its 2025 housing and economic forecast, predicting a more favorable interest rate environment that will ease the current "lock-in" effect, leading to improved housing inventory.
California Home Sales Hit 7 Month Low in August, Despite Lower Rates
New data from the California Association of Realtors shows that California's statewide home sales hit a seven-month low in August 2024, as buyers paused despite mortgage rates reaching their lowest point since spring 2024.
California Home Sales Dip 3 Percent Annually in June
California home sales remained stagnant for the second consecutive month in June 2024, as the 30-year fixed rate mortgage remained above 7 percent throughout most of May, when most of these sales opened escrow.
California Home Sales Uptick in February
Based on new data from the California Association of Realtors, despite a recent uptick in mortgage rates, California's housing market continued to demonstrate resilience in February 2024, reaching sales levels not seen since September 2022.
