Corona housing market: trends, analysis

Kamesha Keesee

CORONA HOUSING MARKET: TRENDS, ANALYSIS AND MORE WITH KAMESHA KEESEE REALTY

The 2020 Corona, CA housing market has been thriving amid the pandemic. All housing market indicators have repeatedly shown that the Corona, CA housing market is doing well in the pandemic-induced economy. Below are some Corona, CA housing market insights and trends, that shows how the market is doing so far and where it is headed.

Home prices in Corona, CA, are still climbing. Experts have said that the current real estate costs in Corona, CA are among the highest nationwide. As of November, the median home price in Corona, CA was $540,000, representing an 8.1% increase from November 2019, and a 1.8% decline from October 2020. In November still, homes in Corona, CA were staying on the market for an average of 55 days before selling. This represents one day less compared to November last year and 5 days month-over-month decline. This is an indication that homes are selling fast in the Corona, CA housing market. Moreover, the November sales-to-list ratio in Corona, CA, was at 1. This suggests that homes were selling at the same price they’ve were listed with.

CORONA, CA HOME APPRECIATION RATES.

Corona, CA housing market has recorded some of the largest home appreciation rates compared to any market in the last 10 years. The housing market appreciated 74.59% over the last 10 years, representing 5.73% in average annual home rate. This places Corona, CA, among the top 10% nationally for real estate appreciation.

Fast forward to the last year, Corona, CA home appreciation rates have trailed the rest of the country over the previous 12 months. Corona’s home appreciation rate has been 3.89%

for the last 12 months, which is lower than rates in other markets across the country. According to NeighborhoodScout’s data for the latest quarter, appreciation rates in Corona, CA, were at 1.27%, which equates to 5.19% annual appreciation rate.

IS INVESTING IN CORONA, CA HOUSING MARKET WORTH IT?

You might be having this question if you were planning to invest in the Corona, CA real estate market. The answer to that question is a resounding “YES, indeed.” Corona, CA real estate market has a track record of being among the best longterm real estate investments in the country. Moreover, the Corona, CA home appreciation rates highlighted above are indicators that investing in Corona real estate market is with bear returns. Moreover, according to Walletinvestor live Forecast System, investing shortterm in Corona, CA, real estate in Corona is not a very good idea. Instead, long-term investment in the Corona, CA market is a good choice. Walletinvestor predicts that long-term profit potential in Corona, CA market is 2.64% increase in one year.

Works cited.

https://www.homelight.com/corona-ca/ housing-market. https://www.neighborhoodscout.com/ca/ corona/real-estate#description. https://walletinvestor.com/real-estateforecast/ca/riverside/corona-housingmarket.

THIS VETERAN HAS EXPERIENCED ENOUGH.

HE SHOULDN’T HAVE TO FIGHT HOUSING DISCRIMINATION BECAUSE OF HIS DISABILITY.

Sergio lost his leg and his hearing while serving our country overseas. Now back home, he was ready to start a new chapter in his life. But when he found the perfect apartment, the landlord refused to make a reasonable accommodation to allow his service dog in a “no pets” building. Then Sergio learned that the Fair Housing Act protects people with disabilities. He contacted HUD and fi led a complaint. Today, Sergio is feeling right at home.

If you believe you’ve experienced housing discrimination, please contact hud.gov/fairhousing 1-800-669-9777

50 YEARS OF OPENING DOORS.