2020 California Housing Market Prediction
November 21, 2019
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:
It’s hard to let go of a 3% mortgage rate. There’s no question about it. It’s the main reason why so many homeowners have delayed their move in recent years. But here’s something to consider.
After years of it feeling almost impossible to find a home you want to buy, things are changing for the better.
Lately, it feels like every headline about the housing market comes with a side of doubt.
For 80 years, Veterans Affairs (VA) home loans have helped countless Veterans buy a home. But even though a lot of Veterans have access to this powerful program, the majority don't know about one of its core benefits.
If you have a 3% mortgage rate, you’re probably pretty hesitant to let that go. And even if you’ve toyed with the idea of moving, this nagging thought may be holding you back: “why would I give that up?”
At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.”
