California real estate market trends continue to climb

  • Single-family rental growth has slowed in the high-end tier as of May, while the lower end of the market has remained strong throughout the nation, at 5.3 percent annual growth.
  • California was home to the largest pool of foreclosures along with Florida, but California's foreclosed inventory sat at only 0.4 percent.
  • The California Home Price Index increased 6 percent annually in June, and the forecast shows year-over-year prices are expected to climb by 9.6 percent in 12 months.

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CoreLogic’s Market Pulse for August 2016 reports on the national market and local trends, including a new inside look at the rental sector. Similar to the data company’s CoreLogic Home Price Index (HPI) and CoreLogic Case-Shiller Index, the new Single-Family Rental Index (SFRI) measures the growth of the rental market since January 2007.

After a massive growth spurt at the tail end of 2009 and into 2011 and steady growth that continued for a few years after, the SFRI shows rental price gains have recently begun to soften.