June 21, 2021, The California Association of Realtor reports that more signs of improvement coincided with the general reopening of the California economy last week. The state enjoyed encouraging reports on jobs, unemployment, and new Ul claims.
The California housing market set new records across almost every measure in May – especially in prices and competition. In addition, new permit data shows that an uptick in new construction may finally materialize this year. Balanced against this, however, were ongoing signs of buyer fatigue, rates that continue to rise, and forward-looking sales indices that suggest a slower pace of transactions in the coming months.
The Charts and Graphs below were created by Fidelity Title Company of Santa Barbara and Santa Barbara economist Mark Schniepp: