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After years of skyrocketing prices, some areas are potentially poised for a serious nosedive.
If youre a homeowner, investor or just dreaming of snagging that Golden State property, pay attention.
The aftermath of strict COVID policies and sky-high living costs is still rippling through the real estate scene.
With the third-highestcost of livingin the nation, Californias housing recovery is moving slower than molasses in January.
So, which areas are headed for a freefall?
GOBankingRates talked to insiders to get the scoop on which Californiahousing markets are about to take a tumble.
But homeowners, brace yourselves for a potentially bumpy ride.
Willits
Nestled in Mendocino County, Willits is seeing home values drop quickly.
According to DeLuca, its a rather large 10.01% decrease.
If this trend continues, 2025 could see some seriously slashed prices in this small city.
By 2025, buyers might findsome real stealshere.
Clearlake
Even picturesque Lake County isnt immune to the market meltdown.
Clearlake has witnessed a 5.62% dip in home values.
If youve been eyeing a lakeside retreat, 2025 might be the time.
West Hollywood
Los Angeles isnt immune from the potential drops.
By 2025, you might be able to snag a slice of Hollywood glamour at a big discount.
But for current homeowners, it might not be the news you want to hear.
Of course, this is all speculation, so everything should be taken with a giant grain of salt.
If youre looking for a deal or a steal, keep your eyes focused on these locations.
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