Are house prices going down California?
California Housing Forecast
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 Westlake Village CA wealthy?
The per capita income in Westlake Village in 2018 was $85,862, which is wealthy relative to California and the nation.
Are property prices expected to rise?
It said house prices will have risen 6 per cent by the end of 2022 but that they will fall 5 per cent in 2023 and a further 5 per cent in 2024 as a result of the sudden spike in mortgage rates caused by the government’s fiscal plans.