Libbi Rozele

California Housing Market Crash 2024. The last housing crash helped cause today's lack of supply, which is what's keeping. While most experts expect the housing market will come.

For many prospective homebuyers, the last two years have been brutal as high home prices and mortgage rates produced the most unaffordable housing market since the 2000s bubble. Rising mortgage rates, initially predicted to cool the market significantly, had a dampening effect, particularly on existing home sales.