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California Dreamin’ No More: The State’s Housing Hot Streak Is Over—See the New Paradise Taking Its Place

Nov. 1, 2022

California has long reigned supreme as a highly desirable place to live, blessed with gorgeous weather, a bustling job market, beaches, and natural beauty that make it a veritable paradise. Year after year, it owned most of the nation’s hottest housing markets. But now, it seems that America’s torrid, long-term West Coast real estate love affair might finally be ending.

Hottest Markets rankings show for April, which factor in a combination of demand (measured by the number of unique views per home listing) and how quickly homes are selling (measured by the number of days on the market). For the first time in the history of these monthly rankings—which began in 2016—California has dropped off the list and is nowhere to be found.

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