Inside California's Sky-High Home Prices | 1-Minute Market Update w/ Martin Perdomo

Send us a textWhy are California's house prices defying gravity? This week, we're breaking down the latest twists and turns in the housing market as of June 28, 2024. Mortgage applications are showing a slight uptick from last week but are still down a steep 13% compared to last year. Despite the cooling frenzy in house hunting, home prices have soared to a new high of $397,250, with the median asking price climbing to $414,975. High mortgage rates and a dip in buyer demand create a fascinati...