The Epoch Times A lack of supply and low interest rates are two major reasons behind soaring house prices in California where it’s predicted that median home prices will rise even further in 2022.
However, supply constraints and those higher home prices will bring California home sales down slightly next year, said the California Association of Realtors (C.A.R.).
C.A.R has predicted that median home prices in California are expected to rise 5.2 percent to $834,400 in 2022, following a projected 20.3 percent increase to $793,100 in 2021.
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