Homebuying in California nearly hit a more than two-decade low last quarter. Across the state, 23,317 existing and newly built homes were sold in November, marking the second-lowest performance in the month in 21 years, the Orange County Register reported, citing Attom data. The sales were down 8 percent over a 12-month period and 30 percent below average. Sales over the past three years have averaged 26,428 per month — down 31 percent from the pace of the previous 18 years. Mortgage rates averaged 6.3 percent in the three months ending in November, according to Freddie Mac data cited by […]
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