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Housing market predictions: The forecast for the next 5 years. It’s been a wild real estate ride over the last few years. After a red-hot market characterized by very low interest rates and ...
The top gainer was Redding, a city in Northern California. According to CoreLogic’s predictions, home prices in Redding could rise as much as 7.3% in 2024. Zillow data shows the current average ...
Key housing market stats. The median home-sale price as of May 2024 was $419,300, up 5.8 percent from one year ago and the highest median NAR has ever recorded. The nation had a 3.7-month supply ...
The national indices. The S&P CoreLogic Case–Shiller U.S. National Home Price Index is a composite of single-family home price indices for the nine U.S. Census divisions. It is calculated monthly, using a three-month moving average. The S&P national index is normalized to have a value of 100 in the January 2000.
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Since about 1970, California has been experiencing an extended and increasing housing shortage, [1]: 3 such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. [2]: 1 [3] This shortage has been estimated to be 3-4 million housing units (20-30% of California's housing stock, 14 million [4 ...
Investing in real estate in California offers a unique blend of opportunities and challenges, making it a dynamic market for both new and seasoned investors. With a diverse economy ranging from ...
The California Department of Real Estate (DRE) is a California state agency focused on safeguarding and promoting the public interest in real estate matters through licensure, regulation, education, and enforcement. Employees headquartered in Sacramento and in district offices in Oakland, Fresno, Los Angeles, and San Diego carry out the DRE's ...