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California homebuying drops to 2nd-lowest level in 21 years

California home sales dropped 8% year-over-year to 23,317 in November despite mortgage rates averaging 6.3%, with affordability still limiting buyer activity.

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California homebuying drops to 2nd-lowest level in 21 years

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The Mercury news broke the news in San Jose, United States on Saturday, January 24, 2026.
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