Foreign Investments in 2019
It’s not a surprise that perpetual sunshine and sandy beaches attract thousands of investors to California every year. Not only does the state offer a lucrative real estate market, but it also provides numerous investment opportunities in industries such as technology, entertainment, pharmaceuticals, and agriculture.
Even with investment restrictions in some foreign countries, California will continue to be an epicenter for global investments. 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? The real estate market has received significant attention from every type of investor, ranging from fixer-upper buyers to high-profile, multimillion-dollar investors. People continue to learn that the return on investment is worth the time, travel, and capital.
According to a report from 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, home values are expected to continue rising, but at a slower pace than in previous years.
After several tumultuous years, California’s housing market appears to be stabilizing. As 2019 progresses, the market’s direction and long-term trends will become even clearer.