If you’re still under the impression that the California real estate housing market is still in the dumps, it’s time you pay some attention to the real estate in California. It is on the up and up and appears to be continually climbing. In fact, the sales of California real estate property increased 5.4 percent in December from the year prior. Meanwhile the median real estate sales price grew to 21.5 percent, which happens to be the highest sales price since 2008.
California real estate interest rates are at a historic low and demand for California property continues to expand. In addition, more homeowners will find an increase in eligibility for mortgage help now that the amount of lenders participating in a state run mortgage assistance program has doubled.
If ever there was the perfect time to contact our California real estate broker, this is that time!