HousingWire: No, California’s Housing Market Didn’t ‘Fall off a Cliff’ in July

HousingWire: No, California’s Housing Market Didn’t ‘Fall off a Cliff’ in July
August 22, 2016 Peter

Los AngelesAt first look, it appears California’s housing market in July significantly struggled, with single-family homes and condominiums falling a whopping 10.4% for the month and 12.8% from July 2015, the latest report from PropertyRadar found. But PropertyRadar dug a little deeper into the data, finding that while home sales did decline, it wasn’t as bad as first expected. Madeline Schnapp, director of Economic Research for PropertyRadar, explains that it looks like July sales “fell off a cliff.”

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