According to a 2022 study, the average price of a home in California is $765,495. This reflects a roughly 7.1% increase compared to last year. Moreover, California home prices are substantially higher compared to the U.S. average.
House prices in California have been steadily increasing in recent years, and it's among the most expensive places in the U.S. to buy a home.
Buying real estate is a serious financial commitment. It involves a 20 to 30-year mortgage. If you’re like most people, the house you’re buying will be your primary place of residence. As such, it’s a good idea to learn everything you can before committing to your purchase.
If you’re looking to learn how to buy a house in California, MoneyGeek shares the steps that you should take to ensure you’ll make the best decision and avoid going into debt.