2020 California Housing Market Prediction
California’s Housing Market Forecast
This report on the California housing market covers important stats including home prices, sales, and recent trends from CAR, NAR, Statista, Zillow and more.
The California housing market
came alive in September. Sales in So Cal, Central Valley and the Bay Area all rose significantly. Sales of existing single-family homes in September grew 5.8% YoY.
Home prices rose 4.7%, the biggest gain in 12 months.
Los Angeles home prices rose 4.8% and homes in the inland empire rose 4.6% making it the best performer of September in the state.
RECENT POSTS:
After more than a year of headlines talking about how home prices are going to crash, the latest data shows that price growth may be starting to pick back up again.
If you've been thinking about selling, you've probably seen plenty of headlines suggesting buyers have just about disappeared.
If the first half of this year has left you feeling stuck, you're not the only one. Mortgage rates stayed higher than people wanted.
Saving for a down payment can feel like the hardest part of buying a home.
After the Fed's June meeting, "I'll wait for rates to drop" is a weaker bet. Here's the honest version of that conversation.
One of the biggest reasons buyers are still sitting on the sidelines is because they think home prices are going to come down.
