California's Housing Market Flips as Home Prices Drop Statewide
Key Takeaways California’s renowned housing markets, from Malibu to San Francisco, are experiencing declining home prices and waning buyer demand. Traditional market drivers, such as bidding wars and open house turnout, are fading as economic pressures increase. High mortgage rates and ongoing affordability issues pose significant risks for both buyers and investors. Shifting Dynamics in California’s Real Estate Scene Investors once counted on the indestructible glamour of places like Malibu and the Golden Gate, but prices are sliding from the Bay Area to SoCal. Bidding wars are cooling, open house crowds thinning, and fear is replacing FOMO on the PCH. High mortgage rates, sluggish job growth, and relentless affordability barriers haunt the market. Those who ignore these warning signs do so at their own peril—uncover what shocks may come next. Affordability Crisis and Shifting Migration Patterns Every day, California’s housing market tightens its grip, echoing through neighborhoods fr...