California’s Home Prices Expected to Rise 6.2 Percent in 2024: Report

California’s Home Prices Expected to Rise 6.2 Percent in 2024: Report
An aerial view of homes in a housing development in Santa Clarita, Calif., on Sept. 8, 2023 Mario Tama/Getty Images
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California housing prices are expected to rise 6.2 percent next year as inflation cools and mortgage interest rates drop, according to the latest report by the California Association of Realtors.

Even with price increases, 2024 should bring increased single-family sales of nearly 30 percent, the association reported.

Jill McLaughlin
Jill McLaughlin
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Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.
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