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Cupertino is known for its high housing prices as the majority of residential properties are multimillion-dollar homes as of the priciest housing market peak of 2022, with the entry-point into a single-family home at around 2 million dollars in the Cupertino HS area, and the entry point at around 2.6 million dollars in the Monta Vista HS area.
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Many homebuyers abandoned the resale housing market last month, as elevated rates and rising home prices crushed affordability. Sales of previously owned homes dropped 4.1% in October from the ...
A measure of housing contract activity jumped 7.4% in September as buyers took advantage of lower mortgage rates and higher inventory. The Pending Home Sales Index, which tracks contract signings ...
But there’s a limit to how far the housing market can rebound as homeowners with ultra-low mortgage rates stay put instead of listing their homes and accepting today’s rates of 6% or more, a ...
The U.S. housing market has been so hot for so long that it’s easy to forget it can’t stay that way forever. At some point, home prices will have to stabilize or head lower — at least ...
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