Will the Housing Market Crash in California in 2024?

The California housing market is expected to rebound in 2024, according to the California Association of Realtors. The forecast predicts an increase in home sales and prices, driven by lower mortgage rates and an increase in housing supply. However, housing affordability remains a concern, with only 17% of households able to afford a median-priced home. While uncertainties and risks exist, the overall trend suggests a positive outlook for the market.

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