Here in this presentation The Super Zinggs presented some interesting facts about California’s Real Estate Market, which you should know about. To know more Contact us for Canyon Lake Homes For Sale, Temecula CA Real Estate (951) 757-0681
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Interesting Facts About California's Real Estate Market
Home Values Gone up over the past year & Expected to increase within next 12 months
The U.S. negative equity rate – the share of mortgaged homeowners that are underwater, owing more on their home than it is worth – fell to 13.4 percent in the third quarter, from 14.4 percent in Q2 and 16.9 percent a year ago.
Highest percentage of renters in the state at 52%
New Port Beach
Most expensive real estate market in California, with the median price of an average home sitting at $2.29 million.
67% Real Estate Investor in California who paid cash for their properties.
71% Buyers are optimistic about the future of the housing market in California, which was 67% last year.
Average annual gross yields on single detached home rentals in Southern California.
Properties purchased by California compared to other property types is 87%