California Home Prices

The real estate and economic landscape in June brought a wave of cautiously optimistic news—promising signs that momentum is shifting in a positive direction, though challenges still linger. Here's what Bay Area buyers, sellers, and real estate professionals need to know. ✅ Consumer Prices Cool Off – A Welcome Sign for Inflation Inflation took a softer turn in May, with the Consumer Price Index...

California’s housing market reached a pivotal milestone in April 2024, with the statewide median home price hitting a new record. Yet, beneath this price surge lies a more cautious story—rising economic uncertainty, elevated mortgage rates, and softening consumer sentiment. In this month’s Bay Area Market Insights, we unpack what’s driving these mixed signals and what it all means for buyers,...