California Housing Market Forecast

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California

Housing Market forecast Virgie VincentÂ


Despite how the national economy is faring, the prices of California homes has increasingly increased year after year.


California will always be a coveted place to live. The demand will always be there and the supply is never enough, even with additional residential construction being reported across the state.


The fact that listed prices are actually less than the selling prices means potential for bidding wars in the Spring and/or higher listing prices.


Interest rates are quite low, which draws people’s attention, especially homes over $1 million. In general, buyers are gravitating towards either luxury homes or the complete opposite direction of the condo market.


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