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California Housing Market Report & Predictions

By Gord Collins
 May 25, 2022

Buyers are wondering when to buy, but sellers don’t look willing to sell, and then be faced with high rising mortgage rates themselves. It’s a perfect storm for the California real estate market as affordability plummets.

Rent prices too, having reached record heights are beginning to show slower growth.  The rental market suffering from exceptionally low inventory will likely not show mercy to Californians for sometime.  New housing development is once again slowing.

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