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Posts tagged ‘California home prices’

19
Mar

2022 Housing Crash ALREADY STARTED

2022 Housing Crash

The California Real Estate CRASH has started. In this video, Reventure Consulting is projecting home values to decline by 10-30% depending on the city.

But homebuyers and real estate investors won’t feel the impacts until later in 2022. Home Prices across California are at record levels. The typical home in San Jose goes for $1.5 Million. In San Francisco it’s $1.4 Million. And Los Angeles Real Estate averages $850k. These home values are up nearly 20% over the last year – a clear WARNING signal that California’s Housing Market and Economy could be heading for a CRASH in 2022. Read more »

2
Aug

California Housing Markets 2021

California Housing Markets 2021

California’s Housing Market is in a massive bubble territory in 2021. There are signs that the current real estate market cooling, is about to turn into a major downturn. But, that is just my personal opinion & if you disagree, or for other reasons, are considering purchasing a California home, this video may shed light on the best California areas to consider. Some California cities are more at risk of a Housing Crash than others. Find out what the BEST v. WORST cities are for real estate in California!

Real estate prices across California have reached record levels relative to wages. At the same time, there is an exodus of people migrating out of California. Read more »

22
Apr

California Home Prices Increase

California Home Prices Increase

Right now, there’s a concern that 2.5 million homeowners are still in forbearance, meaning – they’re not making their payments and they’re protected from foreclosure…there’s a surplus of tenants who are unable to pay their rent…and the worry is that, IF evictions and foreclosures were to all happen at once – that would cause sudden and drastic economic hardship to millions of people, and that – in turn – would be detrimental to the entire economy.  So, in an effort to provide people with enough runway to get back on their feet – a new proposal was issued from the consumer financial protection bureau to be effective on August 31, 2021….and here is what this would entail: Read more »

6
Apr

California Home Prices 2018

California Home Prices 2018

Real estate is very susceptible, when the economy suffers a change, real estate and the stock market are the first things to suffer. Real estate is good when there are strong first time buyers shopping for houses but unfortunately most first time buyers don’t have the financial means to qualify for a loan for the average San Diego detached home.  California Home Prices 2018:

California home prices 2018

California home prices 2018

This is causing many first-time buyers to move much farther away from their employment than they had anticipated. Also, a good portion of them, are receiving family financial help, whether it be in the form of a substantial monetary gift to help with the down payment,  and or cosigning on the home loan.

San Diego country home for saleBut, even in light of the above factors, prices for construction materials continue to increase, so I don’t think house prices will drop anytime soon, if at all. Real Estate prices should not be treated like stocks. They are not. Houses are a basic need. People will always need houses (either rent or buy). Because of continually growing population, there will always be a need for housing which should keep prices stable.

California home prices 2018 seem to be in a holding or cooling phase, coming out of a number of years of extraordinary home price appreciation. Naturally, no financial market can continue in any direction without strategic pauses. Plus, with the latest changes in interest rate write off deductions as well as state tax deductions, the California housing market has real fundamental reasons for entering into this cooling phase. Read more »

8
Dec

California Home Prices Almost Double

California Home Prices in this city up approximately 92% in the last five years!

California Home PricesHome prices nearly doubled in this surprising California city

Source: The Mercury News
As home prices skyrocket across the state, there’s one California city where they’ve shot up more than
anywhere else in the U.S. nearly doubling in the past five years.
No, it’s not San Francisco, San Jose or Oakland. It’s not even in the Bay Area.
It’s Stockton, the Central Valley community twice dubbed America’s “most miserable” city by Forbes
Magazine because of its high rates of housing foreclosures, unemployment and violent crime.
The jump in home prices in Stockton and neighboring Lodi up about 92 percent over the past five years
is dramatic evidence of the ripple effects of the Bay Area’s tight housing market and the increasingly out
of reach cost of living here.

Read more »

18
Jun

California Home Prices Expected to Rise 9.1 Percent This Year

California home prices

California home prices

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) recently issued its mid-year housing market forecast. Based on C.A.R.’s forecast, the median home price in California is expected to rise 9.1 percent this year compared with last year, while sales of existing, single-family homes will decline 4.7 percent. Rates on 30-year, fixed-rate mortgages will rise to 5.3 percent compared with 5.1 percent in 2009 and 15-year mortgages will average 4.2 percent compared with 4.7 percent last year, according to the forecast

Chula Vista California real estate

22
May

California Home Prices

California home prices on the rebound? Will the trend remain in place now that the government tax credits are over?

real estate market

California real estate market

San Diego homes for sale

18
Mar

California Home Price Outlook

In the April 2010 issue of Money magazine, they produced a table projecting where home prices may be at the end of the year. We took the home values from six California cities in this data table and produced the graph below. The good news for San Diego homeowners is that they projected San Diego’s median home price to just decline -0.3%.

California Home Price Outlook

California Home Price Outlook

Orange County California real estate attorneys

17
Oct

California Home Prices Forecast to Fall 6% in 2009

California home pricesCalifornia Association of Realtors: "Housing prices are expected to decline in much of California next year, but sales of existing homes will continue to ramp up… The Golden State's median price will fall 6% next year to $358,000 compared with a projected median of $381,000 for this year. Sales for 2009 are projected to increase 12.5% to 445,000 units, compared with 395,600 units (projected) in 2008.”
Prior related posts:
2
Sep

California Home Sales Up 43.4% – Home Prices Down 40.3%

California home pricesLast week the California Association of Realtors reported California home sales increased 43.4 percent in July compared to the same period a year ago, while the median price of an existing home fell 40.3 percent.

"Sales improved significantly in July 2008 and remained above the 400,000 level for the third consecutive month," said C.A.R. President William E. Brown. "Deeply-discounted, distressed sales continue to drive volume in many regions of the state. July also was the first full month during which the effects of higher $729,000, conforming loan limits likely had an impact on closed sales."

The median price of an existing, single-family detached home in California during July 2008 was $350,760, a 40.3 percent decrease from the revised $587,560 median for July 2007. The July 2008 median price fell 4.5 percent compared with June's revised $367,130 median price.Home sales increased 43.4 percent in July in California compared with the same period a year ago, while the median price of an existing home fell 40.3 percent.

A few of our prior posts on California home sales & home values were:

Commercial Real Estate Prices Fall 11.8% from Peak

Southern California Highest Sales … Prices Still Falling

More homeowners than ever are selling at a loss!

Another Look at the June Rise in Pending Home Sales

 San Diego California real estate