Posted 1/1/2024, 7:42:01 PM
California Home Prices Rise but Sales Slow as Affordability Squeezes Buyers
- California home prices up 8.5% through November 2022, sales down 7.5%
- Analysts predict home prices could fall slightly in 2024, especially in Bay Area
- Affordability remains a major challenge, with only 15.5% of homes affordable for typical households
- Mortgage rates under 7% for first time in months, more homes likely to list
- Chula Vista most popular city on Zillow; LA buyers prioritize central HVAC