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.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Affordable California housing requires a huge market tumbleHouse payments for buyers doubled in six years. Typical incomes rose only 36%.
Fonte: mercnews - 🏆 88. / 68 Consulte Mais informação »

Housing tracker: A slowdown in the Southern California market for homes and rentalsExplore the latest prices for homes and rentals in and around Los Angeles.
Fonte: latimes - 🏆 11. / 82 Consulte Mais informação »

NYC office market roars back to life, sending tenants scrambling: 'Tighter than it was in 2019'Available floors quickly are gobbled up before data-trackers even know about it, not only at newly constructed “trophy” towers but at sound older locations as well.
Fonte: nypost - 🏆 91. / 67 Consulte Mais informação »