Would-Be Homebuyers Outnumber Sellers by 4-to-1

• Forty-one percent of renters are thinking of purchasing a home over the next year, compared with 11 percent of owners who plan to sell.
• California home prices grew by 8.9 percent year over year in May, while prices in the San Francisco metropolitan area were up by 11.4 percent.
• California real estate prices are expected to appreciate by 9.3 percent by May 2019, the second-largest gain in the U.S.

The nation’s inventory crunch continues to drive up home prices, with California projected to post among the highest appreciation by the spring of next year. Read full article @elizabethGkilgore

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