The California Housing Market

Experts see the ever-changing real estate market as leaning towards a more balanced scenario. The median home price may have declined, but that is attributed to seasonal factors. There is an expectation of continued upward momentum in home prices in the early part of 2024.

According to the California Association of Realtors, existing single-family home sales in January experienced a significant surge which represented a 14.4% increase from December and a notable 5.9% rise compared to January 2023.

California’s housing market has shown resilience, rebounding in January to the highest level in six months and marked the first year-over-year sales gain in 31 months.

The overall outlook for California’s housing market appears positive, with C.A.R. President Melanie Barker expressing optimism about the positive sales growth in January. She sees a dynamic environment with positive sales growth, a mix of regional performance, and indicators pointing towards a market that is adapting to changing conditions.

Moral of this article is real estate is a good investment – be it an investor or homebuyer!

Best,

Ken & Ari Walker - Your Direct Private Money Source

Husband & Wife Team

Phone: 707-708-0797 / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401
Ken: CA DRE Broker #01858042 / NMLS #1221130
Ari: CA DRE #01858152 / NMLS #2170867

Bio: Ken & Ari are a husband & wife team with over 30 years of combined real estate and private money lending experience. They like working with buyers & borrowers, as well as directly with other licensed individuals who have clients in need of fast & alternative financing, and who can benefit from Private Money mortgages. (Qualify for our financing despite DTI ratios, credit score, property condition, difficult to prove income, etc. on purchases and refinances for owner occupied & investment properties.)