Interesting headline... if houses prices are going to soar... they have to first stop falling...

California Home Prices Expected to Plunge Nearly 9% in 2023: Realtors

The swing follows a projected drop of 5.75% in the price of a single-family home this year

By City News Service and Eric S. Page • Published October 13, 2022 • Updated on October 13, 2022 at 4:01 pm

A 15% drop over two years...

Not just in California...

Home prices are falling at the fastest rate in 15 years. 7 real estate analysts and economists break down how bad they think it's going to get.

My prediction is housing prices will continue to fall relative to inflation in most of the USA. Only in markets where new housing is constrained, and population is still growing will housing prices rise.

Many rural towns are dying and the young couple that can work from home can find home bargains that are unbelievable in these communities and will get even cheaper in time. More than ever, America will become a country of cheap housing and expensive housing depending on where you live.

https://www.nytimes.com/2018/12/22/opinion/rural-america-economy-revive.html