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Six California Cities Where Homebuyers have a better shot at scoring a deal
Fatigued home shoppers across the country have more of a reason to relax — if ever so slightly — as home prices continue to slide from their peak in 2022.
Key highlights
- According to Black Knight, 14 of the 50 largest US markets have seen home prices fall by 6% or more.
- The San Francisco Bay Area leads the nation with the largest drop in home prices.
- Softening home prices in some of the most expensive cities will benefit buyers.
Do you own or represent property or clients in the City of Ojai?
AB1482 took effect on January 1, 2020, but was not fully implemented until July 1, 2021, due to COVID-19 emergency renter protections. Many renters, rental housing providers, and local officials are still confused and unfamiliar with the state law. It would make far more sense for the Ojai City Council to invest the time and money to educate all residents on current state law before attempting to create a new law that may not be needed.
