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Stock impact report

Home prices in these California cities just hit record highs - even amid a cooling market [Yahoo! Finance]

Anywhere Real Estate Inc., (HOUS) 
Company Research Source: Yahoo! Finance
The pandemic led to a surge in home purchases near - but not in - urban cores as remote workers sought more space and middle-income families moved inland for lower expenses. As businesses called workers back to the office and interest rates spiked, those moves slowed to a trickle. Amid that, distance from the Bay Area has helped isolate markets like San Luis Obispo's from the vicissitudes of the tech industry. And San Luis Obispo County's small-town feel and pleasant weather have kept demand steady. "We don't have big corporations … driving an influx of people or an exodus of people," said Kim San Jule, a San Luis Obispo Realtor with Sotheby's International Realty. "If you're going to live here, you're committed to a life out here." San Luis Obispo does still get remote workers from the Bay Area, San Jule said, but it also has a steady stream of buyers who are retirees or Southern California transplants. And while San Luis Obispo prices aren't cheap, they're less expensive than Show less Read more
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