California housing trend 2014

California housing price for 2014 is projected to increase about 6% from 2013 and interest rate will increase to 5.3% from 4.2% as of 10/29/13 for 30-years fixed.  Distressed sales including short sale and foreclosures have been winding down with investors exiting out of the market due to rising prices and more primary home owners entering the market.  Both sales volume and home prices are posting further gains.

California Housing Trend 2014