C.A.R.’s “2022 California Housing Market Forecast” predicted a 5.2% decline in existing single-family home sales to 416,800 units, down from the projected 2021 sales estimate of 439,800 units. Their forecast for California median home prices was for a rise of 5.2% to $834,400 in 2022.
Is Salinas CA a good place to live?
Salinas is a very good city to live in the Monterey county because it’s cheaper than most cities around the area. Also, it has more businesses, stores, food markets, schools within reach. A good place to grow up, depending on the area. Choices of high schools and a community college.
Are home prices dropping in California 2021?
California’s median home price is forecasted to rise 5.2 percent to $834,400 in 2022, following a projected 20.3 percent increase to $793,100 in 2021. Housing affordability is expected to drop to 23 percent next year from a projected 26 percent in 2021.
Are home prices expected to drop in California?
California’s median home price is forecast to decline 8.8 percent to $758,600 in 2023, following a projected 5.7 percent increase to $831,460 in 2022. Housing affordability* is expected to drop to 18 percent next year from a projected 19 percent in 2022.1 day ago