Interesting Facts About California's Real Estate Market
Home Values Gone up over the past year & Expected to increase within next 12 months
The U.S. negative equity rate – the share of mortgaged homeowners that are underwater, owing more on their home than it is worth – fell to 13.4 percent in the third quarter, from 14.4 percent in Q2 and 16.9 percent a year ago.
6.3% increase in existing home sales projected for 2016
2.5% Anticipated growth percentage in employment in 2016
Los Angeles Highest percentage of renters in the state at 52%
New Port Beach Most expensive real estate market in California, with the median price of an average home sitting at $2.29 million.
67% Real Estate Investor in California who paid cash for their properties.
71% Buyers are optimistic about the future of the housing market in California, which was 67% last year.
Average annual gross yields on single detached home rentals in Southern California.
Properties purchased by California compared to other property types is 87%
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