Straight Talk About Real Estate

California Association of Realtors reports that the median price of an existing single-family home in California increased 6.2 percent in June and sales decreased 26.3 percent compared with the same period a year ago.

When you see the price increases average about 5% from year to year, then you are in a historically “normal” market place. We are still increasing a rate above the norm. Real estate continues to be a good long-term investment.