• Rising interest rates and climbing home prices moderate California home sales as statewide median price sets another peak.
  • Builder confidence hits lowest level since June 2020.
  • Weekly mortgage demand from homebuyers tumbles, as higher interest rates curb sales.
  • California’s job growth moderates in April, as unemployment rate dips to 4.6%.
  • Retail sales climb in April as consumers continue to spend despite high levels of inflation.

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