California’s median home price jumps 6% to $605,280

California Association of Realtors | November 18, 2019

The median price for a single-family home in California jumped 6% in October from a year earlier. The state’s median home price was $605,280, more than double the U.S. median, according to the California Association of Realtors. California home sales rose 1.9% compared with October 2018. “The latest surge in home prices is the consequence of an ongoing mismatch between supply and demand,” said CAR Chief Economist Leslie Appleton-Young. “While low interest rates will reduce borrowing costs for buyers and temporarily alleviate affordability concerns at the micro level, without an increase in housing supply including new housing construction for sale or rent fundamental issues remain at the macro level, which will worsen the affordability crisis down the road.”

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Invest in Greece is the official Investment Promotion Agency of Greece that promotes and facilitates private investment. Invest in Greece Agency provides investors with assistance, analysis, advice and aftercare support.

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