Home prices in California reached a new record high in April as sales increased despite elevated mortgage rates and the state’s seemingly insurmountable housing shortage. The median price of a single-family home climbed to $904,210 last month, nearly 6% higher than March Read More
For much of the past year, the Southern California housing market has been defined by an extreme shortage of homes for sale. The abnormal scarcity — compounded by the region’s long-running underproduction of housing — emerged when homeowners chose not to sell Read More
WEST HOLLYWOOD, Calif. (KABC) — If you thought California housing prices couldn’t get any higher, a recently sold condo’s price tag might surprise you. According to californialistings.com, a West Hollywood penthouse condo just sold for a record-breaking $24 million, making it the Read More