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  • Prices still rising in these ZIP codes
    Real Estate News

    Prices still rising in these ZIP codes

    January 27, 2023 /

    The California housing market continues to cool from the pandemic buying frenzy, with some areas seeing home prices decline for seven months in a row. Among the factors fueling the decline have been inflation, economic uncertainty and soaring interest rates, experts say. The average monthly mortgage rate was 6.15{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for the week ending Jan. 19, up 73{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from a year ago. Even so, home value growth in some California outlier neighborhoods has bucked the trend, continuing to rise even as parts of San Francisco and Los Angeles push further into the red, according to the latest data from real estate listings site Zillow. While the increases in the hottest ZIP…

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    Jerry Schmidt Comments Off on Prices still rising in these ZIP codes

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