Home Prices Falling In California

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Home Prices Falling In California. As housing demand in california fell sharply in may, home prices also took a dip. California home prices are likely peaking now, and i expect that they will decline soon.

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We expect these drops to continue through 2019 and into 2020. The large city where prices decreased the fastest was seattle, where home prices actually fell. This trend started in 2005, while home prices held a plateau up until 2007.

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The california median fell 51% (yes, values were cut in half) over five years. Cities where values are actually dropping right now. Prices are dropping most in the south bay and silicon valley regions. Unlike stocks, most households have to make the analysis of buying or renting.