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If the study’s projections prove accurate and the sale price does experience 12.7% year-over-year growth, the median buyer this time next year would pay $507,150 for the same house.
CoreLogic predicts that home-price appreciation will slow to an average growth of 2 percent for 2025, as compared to 4.5 percent growth in 2024, according to Hepp.
Bank of America expects home prices will climb by 4.5% this year and then by another 5% in 2025 before eventually dipping by 0.5% in 2026. ‘Lock-in effect’ could persist for eight years
The shortage is statewide; from 2010 to 2017, the state added one new housing unit for every five new residents, and is pronounced in employment centers such as the Bay Area and Los Angeles. [ 15 ] : 1 [ 16 ] In 2023, housing affordability in California reached a 16-year low, with only about 16% of homebuyers able to purchase a median-priced ...
2025 existing home sale counts year-over-year: 17.3%. 2025 existing home median sale price year-over-year: 7.7%. Editor’s note: Data was sourced from Realtor.com and is accurate as of Dec. 10, 2024.
February 2 – The 67th Annual Grammy Awards will be held at the Crypto.com Arena in Los Angeles, honoring the best in music from September 2023 to August 2024. [7] March 2 – The 97th Academy Awards will be held at the Dolby Theatre in Hollywood, Los Angeles, honoring the best in films released in 2024. [8]