What are the current trends in the California real estate market?

What are the current trends in the California real estate market?

The California real estate market is currently experiencing a shift towards more affordable areas, with increased demand for suburban homes.

What factors are driving these trends?

Key factors include remote work flexibility, rising interest rates, and a desire for more space due to lifestyle changes.

Are there specific cities in California that are seeing more growth?

Yes, cities like Sacramento, Fresno, and Riverside are seeing significant growth as buyers seek affordability.

How do these trends compare to last year?

Compared to last year, there has been a notable increase in inventory and a slight decrease in home prices in some areas.

What should I consider if I'm thinking about buying a home in California right now?

Consider your budget, the location's growth potential, and the current interest rates, as they can significantly impact your purchase.