California Weekly Data: March 20, 2021

Market Report provided by California Association of Realtors

The economy continues to improve and the public health crisis is slowly inching its way toward the finish line as more Californians receive the vaccine. However, interest rates continue to increase and that has caused the pace of growth in new mortgage applications to cool from the 30% growth that we experienced during much of the second half of 2020. Home sales remain strong and REALTOR® in California remain optimistic, but many economic headwinds remain.