Where Are House Prices Now

We are at 2003 home prices now. However, interest rates are 2% lower, so affordability is much higher than it was.

In fact, in 2007, only 10% of Californians could afford to buy real estate. Now with lower prices and interest rates that figure is up to 50%.

Cash Sales Up!

In 2001, about 8% of home sales were cash. That figure is now 26%!!

Investors in particular are paying cash for rental properties, showing great confidence in the value represented by the market.