Median home price hits 15-month high in California

Home prices in California continue to rise, reaching a 15-month high in August, according to the California Association of Realtors.
The trade association blames the soaring costs on the usual culprits: rising mortgage rates and the state’s ongoing shortage of homes on the market.
Among the biggest takeaways from August, single-family home sales totaled 254,740 — down 5.3%…

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