When will house prices go down in the state of California?
138431
people are still moving out here at an alarming rate regardless of pricess of homes, as long as that is happening the prices will not drop.
1163551
Ha!  That's funny.\n\nIf you move in mid-year, you will still pay taxes in both states.  It will be prorated, but prorated on your income for the whole year, I believe.  So that wouldn't help you.\n\nThe only real solution would be to move for a whole year, I suspect, from January 1 all the way thru Dec. 31 of the same year, at least. Keeping your house and renting it out shouldn't be a problem, but if California catches wind that the move isn't 'real' (and who knows how they'd interpret that), they may come after you for tax fraud.  On the other hand, if you did move for real, then California wouldn't have any claim on your taxes any longer.  Since taxes on capital gains are not realized until the stock is sold, you should come out ok.\n\nIt wouldn't hurt to check that with a tax accountant in your proposed new state just to be sure, but I'm reasonably certain of it.
1006129
Housing prices in Los Angeles County as of May were still rising, but at a much slower rate than in previous periods.  In most other parts of Southern California, housing costs are either flat or are beginning to drop (most notably Riverside, San Bernardino and San Diego counties).  In other parts of the country, housing is starting to decline.\n\nI believe that in LA County housing prices will follow the rest of the country and decline for awhile.  Unfortunately, much of that decline will be triggered by rising interest rates.  So you have to ask yourself: do you want your payments to go into a house that is declining in value, or to interest payments to the bank?\n\nLong term, it doesn't matter when you buy.  Housing will always rise long term.  Many people who bought during the housing boom in the early 90s in LA County were downside for years after the bubble burst in 1991-1992.  The decline bottomed out about 1997 and many people had recovered their losses and were in the black by 2000.  People who held on through 2005 make a killing.  If you're planning to stay for a long time, buy now.  You'll be able to enjoy your new home longer.\n\nIf you're planning to stay a short time and perhaps move to a bigger house in a few years, wait awhile.  Once you buy, you can't negotiate a lower price for the house, but you can always refinance your mortgage if interest rates decline.
1356
I live in sonoma county (north of SF) and houses arn't selling as fast as i saw them go a few years ago. So I would say go for it.
776211
I say that home price will drop to 40-60% of what they were last year. They really are not dropping they are correcting. From what you may ask a over inflated bubble that was made. Hear is how they made it.\nhttp://www.breakingbubble.com/index.htm
291266
Home prices in CA will never go down.... even if the entire housing market crashes around the US... Ca will stay the same or go up. The wealthy will always have money to buy what they want there.
913225
In California there's always property going up condos, town houses, apartments, industry...\nAnd every time there's an earthquake, the property is comming down!.
1146968
the san andreas fault which sits right below the western part of california will eventually fall due to a massive earthquake ,.................dont start packing yet  according to some geologist we talking about 100-175000 yrs from now
24208
I agree with Angel. \n\nIt depends if you like living in CA...\n\nBuying is always better if you can afford to. You will build equity in your home and also enjoy nice tax breaks. It's basically "forced" savings :)\nRenting is basically paying someone else's mortgage. \n\nIt's always better to buy the smallest home in the best neighborhood...as opposed to the best house in the worst neighborhood.
413393
Best way is to check recent sales prices of other homes in the area.  Try domania.com.  As for what it will fetch in another year from now, no way to predict.
1100932
Keep in mind...........\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nhttp://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm\nhttp://www.brokerforyou.com\nhttp://www.san-diego-for-sale-by-owner.com\nhttp://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us\nhttp://www.brokerforyou.com/blogger/index.html\nhttp://san-diego-coastal-real-estate.blogspot.com\nhttp://sandiegofsbo.blogspot.com\nhttp://downtown-san-diego-real-estate-views.blogspot.com
976018
It depends where in jersey.  Condos on the waterfront are going up in price, not down.\n\nI do closings in jersey, and the market for regular homes has slowed, but prices in general are not making any drastic drops just yet.  I agree that a few months in most of jersey won't make much (if any) difference at all.
413985
Well, I would definitely wait until these current housing prices bottom out. I'm not sure about the 7 year rule, because real estate is LOCAL. That means if you find a good deal in an area, don't wait to buy it or someone else will. Prices can crash in one area and stay strong in another. It all depends on the local economy.
792668
Eventually yes they will have to fall!! Prices are rising at an alarming rate, and it will get to the point where it will be difficult for many people to afford to buy their own home. As the saying goes "what goes up has to come down".
1056541
Not sure, but............\n\nKeep in mind...........\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nhttp://sandiegofsbo.blogspot.com\nhttp://www.brokerforyou.com/blogger/index.html\nhttp://www.brokerforyou.com\nhttp://www.san-diego-for-sale-by-owner.com\nhttp://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us\nhttp://www.la-jolla-real-estate.info\nhttp://san-diego-coastal-real-estate.blogspot.com\nhttp://sandiegofsbo.blogspot.com\nhttp://downtown-san-diego-real-estate-views.blogspot.com\nhttp://www.poway-real-estate.info\nhttp://www.del-mar-real-estate.info\nhttp://www.la-jolla-real-estate.info\nhttp://www.los-angeles-real-estate-brokers.com\nhttp://www.san-jose-real-estate-brokers.com\nhttp://www.orange-county-real-estate-brokers.com\nhttp://www.san-francisco-real-estate-brokers.com\nhttp://www.sacramento-real-estate-broker.com
120054
All real estate is local. Some local markets will most certainly see prices stabilize to fall. Coastal areas have been extremely HOT. Areas like Atlanta have only seen modest growth in the past.\n\nSo what you're likely to see is prices in coastal Florida show flat to decline, while metro-Atlanta will see flat to increase. \n\nRemember though, people have been saying Florida will decline for many years and many of us (including me) have missed great opportunities.
617935
If you are trying to buy a house in Ca, you should wait a year or two because the market is cooling off and the prices of houses are dropping.  I was told buy a realitor to wait a year or two.