California Housing Market Forecast 2024. Median new house price up 3.9% to $433,500 from year ago. Home sales increased by 8.6% in january 2024 yoy and the mortgage rate climbed to 7.28%!.
Renters are staying put longer, with 1 in 6 now living in the same home for 10 years or more. House prices that are at record levels.
Overall, The California Real Estate Market Is Robust, With High Property Values Supported By An Active Job Market, As Well As.
Southern california, in particular, is expected to see significant growth in 2024 in terms of home prices and sales.
The Forecast For The Southern California Housing Market For The Year 2024 Suggests A Dynamic Real.
Interest rates are not coming down anytime soon.
With Home Prices Holding Onto Their Gains.
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After Weathering The Storm Of Rising Interest Rates, The Southern California Housing.
Home sales increased by 8.6% in january 2024 yoy and the mortgage rate climbed to 7.28%!.
Housing Affordability* Is Expected To Remain Flat At 17 Percent Next Year From A.
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California’s Median Home Price Is Forecast To Climb 6.2 Percent To $860,300 In 2024, Following A Projected 1.5 Percent Decrease To $810,000 In 2023 From 2022’S $822,300.