The new year is still young, but predictions are already emerging about what to expect in the 2024 housing market .
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One popular forecast involves determining which cities offer the most affordable housing compared to cities where home prices will continue to rise. This is especially of interest to buyers planning to purchase real estate in California. If you want to buy a home in California this year, which cities should future homeowners avoid ?
Redding
In January 2024, CBS reported key findings from real estate firm CoreLogic detailing 20 U.S. cities where there are likely to be pricing gains for residential real estate. The top gainer was Redding, a city in Northern California.
According to CoreLogic’s predictions, home prices in Redding could rise as much as 7.3% in 2024. Zillow data shows the current average Redding home value is $375,981, down 0.2% over the past year.