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California’s Housing Market Drifts Into Summer With No Clear Bottom In Sight
California’s housing market shows little change in spring 2026, with the statewide median home price reaching $914,810 in April—exceeding the California Association of Realtors’ $905,000 forecast. Mortgage rates averaged 6.55% on June 24, higher than the projected 6.0% for 2026, while active listings declined slightly in March compared to the previous year.
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