California real estate is about to flip in 2025 (Reventure Forecast)

California's housing market has continued appreciating in 2024, with home values reaching a record level. However - things could change by the end of the year into 2025, as inventory levels have increased dramatically.

Especially in metros like San Diego, Stockton, Sacramento, and parts of San Francisco. Homebuyers and real estate investors in California should pay special attention to data on homes for sale, inventory, price cuts, days on market, and Reventure's home price forecasts.
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[ReventureApp]

California's housing market inventory is now growing. And growing fast. Increasing the odds of declining prices in late 2024 into 2025.

Values are up 5% over the last year. Making markets like San Diego, Orange County, and San Jose even more unaffordable.

Track the data for your city and ZIP code in California on Reventure App. www.reventure.app

[richardhudson]

I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

[GillerHeston]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[alexsteven.m]

Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighbourhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighbourhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

[maiadazz]

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

[rickclark]

Move up is tough within California. The property taxes on the new house will be prohibitive.
You have to leave the state to get any benefit of the equity that built up over the last eight years (and more).
The market is constipated.

[darksideofthemoon]

We have to stop these foreign cash buyers and leaving these houses empty.

[Luismaq]

Thanks for the continuous update! I am super excited about how my stock investment is going so far, making over $41k weekly is an amazing gain.

[RichieRage]

Thank you for not only not making this all about Florida but for covering one of the most relevant states. Thank you, I love the california videos

[abduesa]

You have been telling us for the past 4 years that price will decline but they have done any thing but that.
The only thing that has been consistance this far is real state price and your wrong predictions.

[chriscovarrubias]

SoCal prices are up and homes are still selling. Inventory levels are up but also there’s plenty of buyers, not only locals but a lot of foreign money comes here and buy million dollar homes cash.
I just got outbid on a $925k home from a cash buyer 😣

[SwiftyNShifty]

Great video, I am an LO in San Diego and a lot of my realtor partners are saying buyer demand is way down right now. It will be interesting to see how things play out over the next 12 to 24 months.

[jcandy]

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Dude, Orange County, The OC, is NOT a part of Los Angeles!🙃

[nathanstjohn]

My family is looking to buy in San Diego or Temecula. Went to open houses in both last week. San Diego has fewer price cuts but Temecula is really going down. I think it’s all about location (work to home). Need 2019 prices soon or we will move out of state

[redtiger]

I had to sell my house in San Diego in 2008 for $280k. That same house (with no upgrades since I sold ) sold last summer for $1.1 million. Even if prices come down 30% they will still be over 200% higher than anyone working a standard job can afford. Nick also doesn't understand WHO is buying in California. Most of the people buying at using government specials. In EL Cajon and the surrounding areas most buying at from the middle east.

[JCizzleSoCal]

The SoCal Coastal areas are always going to be desirable and buyers are willing to pay at or above market.

[ItsAllCulturalMarxism]

About the OC portion. Hope you're right that one day pricing won't be insane as it has been. Maybe Harris can undue what has been. You know she grew up middle class, too?

[DPT]

If you are in CA and find a house in a good area for your family, buy it. there are lots of cash buyers on the sideline waiting for a 10% drop. You will not be able to compete with these buyers. The good areas only dip, they don’t crash. The whole CA is going through a gentrification process. Those that move out due to high prices are not competing with you, you will be competing with lots of investors and people moving in. Unlike other states where the house prices go up because people flocks to it, CA home prices go up because of the organic demands, there is simply not enough housing. Even if thousands of developers decide to build, do you think our government is fast enough to issue permits. It takes forever for our government to approve anything. The only person that can bring down CA is named San Andreas, if he/she decides to “move” game over for CA.

[martinzendejas]

Here in the inland empire prices are so crazy. Homes literally in poor areas went from 150k and jumped to 500k for the same. New construction isn’t helping either and so many warehouses too it’s pushing me out of the state 😂

[Agentofkaos]

Price in California home don’t go down ever only during the housing crises of the 2008. I’ve been living in Los Angeles areas since 1983. Price here only go in one direction and weather you sell or rent, it’s only up direction