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The California Association of Realtors (C.A.R) is projecting that the median home price in the state will spike 6.8% to $869,500 in 2024, and then surge 4.6% to $909,400 next year.
We asked several industry experts to peer into their crystal balls and give us their real estate forecast for the next five years. ... The country’s median existing-home sale price in June 2024 ...
The top gainer was Redding, a city in Northern California. According to CoreLogic’s predictions, home prices in Redding could rise as much as 7.3% in 2024. Zillow data shows the current average ...
The California Department of Real Estate (DRE) is a California state agency focused on safeguarding and promoting the public interest in real estate matters through licensure, regulation, education, and enforcement. Employees headquartered in Sacramento and in district offices in Oakland, Fresno, Los Angeles, and San Diego carry out the DRE's ...
Issi Romem, an economist at the Terner Center for Housing Innovation at the University of California, Berkeley said: "...as long as abundant new housing was built to accommodate those drawn to California, housing price growth was limited and the state's allure was channeled into population growth: From 1940 to 1970 California's population grew 242 percent faster than the national pace, while ...
The California Association of Realtors predicts the median home price in the state will go up 6.2% next year to $860,300. This year’s average is $810,000, down 1.5% from 2022. The 2024 ...
Demographics. The population of California on January 1, 2024, was estimated to be 39,128,162, according to the California Department of Finance. The population increased by 67,000 from 2023, the first rise in population since 2020.
With Zillow reporting an average home value of nearly $480,000 in August 2024, residential real estate in Sacramento is considerably more affordable than many of the state’s larger cities.