It’s not a surprise perpetual sunshine and sandy beaches attracts thousands of investors to California every year. Not just for its lucrative real estate market, but also for its many investment opportunities in the following industries: technology, entertainment, pharmaceuticals, and agriculture. Even following investment restrictions in foreign countries, California will continue to be the epicenter for investments. In a CalMatters article, “The World is Knocking at California’s Door, and We Welcome It” claims, “We’re the country’s largest recipient of foreign direct investment. We welcome more to create good paying jobs in California.”
What does this constant flow of investors (both foreign and domestic) mean for California? Our real estate market has received significant attention from every form of investor, ranging from fixer uppers to high profile multimillion-dollar investors. People continue to learn that the return on investment is worth all of the time, travel, and money. According to a report sent out by the California Association of Realtors, “The California median home price is forecast to increase 3.1 percent to $593,450 in 2019, following a projected 7.0 percent increase in 2018 to $575,800.” In simpler terms, you can expect an increase in home values at a lesser rate than in previous years. After several tumultuous years, California’s housing market seems to be settling down; however, we’ll be able to learn more as 2019 progresses.