MURRIETA CA Is California Real Estate Recovering YES

MURRIETA CA Is California Real Estate Recovering YES

Is California Real Estate Recovering?

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Sales according to CAR, rose about 4.6% in the 400k to 749k price range.  Home prices rose to a new median all time high of $611,190 which is $266,000 higher than the price of $245,230 ten years ago. California condo prices bounced back to $470,000. With mortgage rates dropping near 3%, homeowners are engaged in refinancing as opposed to selling. Sellers may be content with the status quo as mortgage payments decreased to 3 year lows. Zillow says May median prices came in at $547,700, and they forecast home prices will continue to rise next summer. 

With rates at an all time low, now is a great time to invest in a new home...

Patrick Musante, Realty Executives

619.778.7001

CalBRE# 01297464


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Author:
Phone: 619-778-7001
Dated: October 9th 2019
Views: 37
About Patrick: Licensed since 2001, has been helping clients in San Diego, and Riverside counties for nearly two de...

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