Biggest Decrease since Dec 2011: California Housing Market Update

Home sold prices dropped to a two year low for the California housing market as the number of homes for sale surged by 38% from last year. Based on my analysis of the California Association of Realtor’s data, the median sold price in the state has now declined by 18% over the past 9 months. In addition, prices have decreased by 4.8% over the past 12 months. The median sold price in California has now fallen on a year-over-year basis for four consecutive months. Before that, the last time prices fell annually was February 2012 for the California real estate market (and . This is your latest California real estate market update based on a brand new report from the California Association of Realtors (CAR).

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Compilation of Housing Market Forecast videos:

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.5% for the current mortgage rates (at the time of filming this video for those with excellent credit).

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video – it is for entertainment purposes only.

This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent with Realty One Group in California under DRE 01923240.

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