As mortgage rates are up near 7 percent and home sales slow down across the country, many are wondering if the Golden State of California is still a seller’s market.
Real estate experts predict that California’s housing market will soften in 2023, with home prices expected to fall by 8.8 percent. However, they believe that this is only a modest adjustment before the market returns to normalization, and will not experience the same price crash as during the last financial crisis in 2008–09.
