California’s housing market is expected to rebound next year from, with both home sales and prices expected to pick up in 2024, Realtor economists predicted Wednesday, Sept. 20.
“We’re relatively optimistic that things will improve as we move into 2024,” CAR Chief Economist Jordan Levine said in a news conference. “Even with all of the uncertainty, with the challenges with the higher interest rates and even sales that have dipped over the course of the last couple of months, we still haven’t seen sales fall to the low levels that we hit last winter.”The Realtor association predicted that 327,100 houses will change hands in the year ahead, up 22.
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