Melrose Blog

We love to share our knowledge and experience with you. Read some of our latest blog posts and become an aware buyer or a confident seller.
**California's housing market is showing signs of a rebound.** After a period of slowed growth, sales of single-family homes rose in April 2024. The median home price in California also reached a new high of $904,210. This increase in price was driven in part by a surge…
Surging Pending Sales, Falling Rates: Despite a slight dip in existing-home sales, the market is on the upswing. With pending sales jumping 8.3% and mortgage rates declining, buyers are reemerging. NAR predicts a 13% surge in sales this year.
Current homeowners, many of whom locked in mortgage rates several percentage points below today’s current rates, are delaying the decision to sell until market conditions improve. With only 2.9 months’ supply heading into May, available homes are moving fast, with the…

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