Housing prices in California are on the rise in most cities. Prices are $1400444 in San Francisco, $826566 in Los Angeles, $754901 in San Diego, $410061 in Sacramento, $1141113 in San Jose, $290077 in Fresno, $851489 in Oakland, $953079 in Irvine, $326457 in Monterrey, and $193093 in California.
California real estate
In the above cities in California, except for San Francisco, where the housing price trend is declining from 2020 to 2021, house prices in other cities are rising by a relatively large margin. California City saw the highest rise of 16.3 percent, followed by San Jose with a 15.3 percent increase. San Diego and Sacramento rose third, at 13.8 percent. Price increases in other cities are basically between 5.6% and 9.7%. In the second half of 2020, California house prices rose rapidly, and continued to grow until January-February 2021.
The development of real estate trends in California is more obvious, and it can be clearly seen through the comparison of major cities that although the housing prices in first-tier cities are very high, the growth rate has not increased too much, but the housing prices in neighboring cities that are closer to them have risen rapidly. The reason for this phenomenon is mainly affected by the epidemic, after all, the population density of first-tier cities is high, it is easy to be infected, and buying in the suburbs can not only get safety guarantees, but also be relatively close to the city center.
The house price trend in the United States in 2021 is relatively clear, although the current mortgage interest rate is still relatively low, but it will slowly rise in the next time, and the increase in house prices will be well alleviated. Although there are still some uncertain factors behind it, as long as the epidemic is well controlled and the vaccine can be universalized, the development of the US housing market will basically follow this trend. Many people ask if this is a good time to invest in U.S. real estate, the tide is fierce, but don't blindly invest.