realestate

Housing Market Forecast

Southern California Mountains Housing Market Faces Challenges in 2024: Wildfires, Higher Insurance, Stricter Codes.

T
he Southern California mountain housing market navigated a complex landscape in 2024, grappling with wildfire risks, soaring insurance premiums, and stricter building codes. However, these challenges also spurred progress: new insurance reforms and wildfire mitigation efforts have brought greater stability to the market. Although premiums remain high, the outlook is brightening, and confidence is slowly returning.

    Despite the hurdles, the region's allure remains unchanged. Communities like Lake Arrowhead and Big Bear continue to captivate those seeking a second home or a place to escape the city. The area's proximity to Los Angeles, abundant outdoor activities, and picturesque seasonal changes make it an irresistible destination for remote workers, vacationers, and anyone looking to call these mountains home.

Real estate experts discuss US housing market trends and economic predictions.