California's Housing Market Roars Back to Life

What's NewThe California housing market is once again booming after a temporary slide in home prices and sluggish demand in 2023, as sales are surging in multiple cities in the Golden State, according to recent reports.The California Association of Realtors celebrated the 'biggest sale jump since 2021' in November, with single-family home sales up 19.5 percent compared to a year earlier.

'Even homes in the $1 million to $3 million range are getting five to seven offers if they are move-in ready and in the right neighborhood with the right schools—and they can sell for anywhere between 10 percent and 14 percent over the asking price.''There is a lot of money in Silicon Valley. You'd think there would be a finite supply of people who have $3.5-$5 million for a home, but apparently not. They just keep coming,' he added.

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