Buying A House In California 2017 -

First-time buyers often turned to programs from the California Housing Finance Agency (CalHFA) for down payment and closing cost help.

In 2017, the California housing market was characterized by a severe inventory shortage that drove prices to record highs while slowing the pace of sales. Despite these challenges, the state dominated the national real estate landscape, housing many of the country's "hottest" and most expensive markets. buying a house in california 2017

California buyers are legally required to receive a Natural Hazards Disclosure Statement , which was particularly critical in 2017 as wildfires impacted regions like Santa Rosa . First-time buyers often turned to programs from the

Supply hit historic lows, with an "unsold inventory index" of just 2.5 months toward the end of the year—the lowest level since 2004. California buyers are legally required to receive a

With high competition and limited stock, sellers in 2017 frequently required a mortgage pre-approval letter before even showing a property.