Housing Help of San Diego™
  • 🌟 Give Now 🌟
Housing Help of San Diego™
  • Mission
    • My account
    • About Us
    • Kelsey Yakou, Chief Financial Officer
    • Patricia Kammerzell, Chief Executive Officer
    • Contact
  • Rare Find
  • Safe Zone
    • SD Resources
  • Retain Home
  • Shop
  • Donors ❤️
  • Give Now
California housing, california housing market, Cool off, downward, housing market

California’s housing market is cooling off faster than any other US state

December 4, 2022
By Patricia Kammerzell
0 Comment
231 Views

Housing affordability tanked in California this year. But the state's stratospherically-high home prices have also led to it witnessing some of the biggest drops in median sale prices since much of the US housing market peaked earlier this year.

Indeed, data provided to Insider from Zillow shows that California has more cities in the list of the top metros with the biggest drop in sale prices than any other state.

According to the stats, San Francisco, San Jose, San Diego, Los Angeles, Sacramento, and Oxnard (which is located near Ventura) have all seen home prices fall more than 5% from their peak values earlier this year. Additionally, Stockton has seen its median sale price drop 4.8% from its peak. That brings California's total to seven metros out of the top 20 for the nation that have seen the most severe drop in housing prices.

Original article here.

Tags: California housing market cool off downward turn housing market

Previous Story
A controversial fix for America’s housing market
Next Story
It has been this bad before. How home buyers got it done in 1981

Related Articles

It has been this bad before. How home buyers got it done in 1981

The housing market is in grim shape. People yearn to...

Leave your comment Cancel Reply

(will not be shared)

Recent Posts

  • Home Sales Slumped 35% in November, the Biggest Decline on Record Sunday, 25, Dec
  • Rates dip below 6% for the first time since September Sunday, 4, Dec
  • It has been this bad before. How home buyers got it done in 1981 Sunday, 4, Dec
  • California’s housing market is cooling off faster than any other US state Sunday, 4, Dec

Recent Comments

    Archives

    • December 2022

    Categories

    • better interest rate
    • Buying a new house
    • Buying house
    • California housing
    • california housing market
    • Cool off
    • credit
    • downward
    • Fannie Mae
    • financial crisis
    • foreclosure
    • Freddie Mac
    • home prices crash
    • home sales down
    • homebuyers
    • house sales decrease
    • housing market
    • HUD grant
    • HUD Help
    • interest rate fall
    • interest rate reduction
    • low interest rate
    • mortgage payments
    • New House
    • Real estate
    • Realtor

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Tags

    1981 housing crisis banks better interest California housing market cool off declining home sales depreciating market downward turn Fannie Mae Foreclosure Freddie Mac homebuyer homeowner home sales down housing market inflation lower interest rate low interest rate new home new home purchase real estate realtor

    100% of our store’s proceeds are used to support and fund our charitable programs.

    Terms of Use
    Privacy Policy
    Contact Us
    Housing Help of San Diego © 2014-2022 All Rights Reserved
    MENU
    • My account
    • Mission
      • About Us
      • Kelsey Yakou, Chief Financial Officer
      • Patricia Kammerzell, Chief Executive Officer
      • Contact
    • Rare Find
    • Safe Zone
    • Retain Home
    • Shop
    • San Diego Resources
    • ⭐ Our Donors ⭐
    • Give Now
    SearchPostsLoginCart
    Sunday, 25, Dec
    Home Sales Slumped 35% in November, the Biggest Decline on Record
    Sunday, 4, Dec
    Rates dip below 6% for the first time since September
    Sunday, 4, Dec
    It has been this bad before. How home buyers got it done in 1981
    Sunday, 4, Dec
    California’s housing market is cooling off faster than any other US state
    Sunday, 4, Dec
    A controversial fix for America’s housing market
    Sunday, 4, Dec
    Should you use a buyer’s agent?

    Welcome back,