California Mortgage Updates & Expert Advice

According to the latest Home Price Insights report from Cotality, home values dipped just 0.2% in December. While that reflects a modest monthly pullback, prices remain 0.9% higher than a year ago, showing only a slight slowdown from November’s 1% annual gain.

What’s the Bottom Line?

The broader trend remains positive.

Cotality now forecasts home values will rise 4.5% over the next 12 months, up from their previous 4.3% projection. This improved outlook likely reflects expectations for easing mortgage rates and continued pent-up buyer demand.