Despite a strong regional economy and extended cheap mortgage rates, March homes sales in six Southern California counties were up just 2 percent from a year ago and 15 percent off the region’s average buying pace of the past quarter century, CoreLogic reported Monday. Considering how long home buying has run below historic norms since the Great Recession ended, this isn’t another example of a sluggish real estate recovery. Today’s modest activity level is just, well, what housing has become.
Categories:The Orange County Register