Inside California's Sky-High Home Prices | 1-Minute Market Update w/ Martin Perdomo

Send us a text Why are California's house prices defying gravity? This week, we're breaking down the latest twists and turns in the housing market as of June 28, 2024. Mortgage applications are showing a slight uptick from last week but are still down a steep 13% compared to last year. Despite the cooling frenzy in house hunting, home prices have soared to a new high of $397,250, with the median asking price climbing to $414,975. High mortgage rates and a dip in buyer demand create a fascinat...