California real estate investments are a great way to earn money, but there are a few risks involved. For starters, it can be difficult to find tenants and buyers. Likewise, you may have a hard time selling the property in the future. This is why it is important to do your research before investing.
While the state has seen its share of price increases, there is still a strong demand for single-family homes. The number of active listings rose by 54.9% compared to last year, despite a drop in June. In addition, the supply of available homes increased from 1.9 months to 3.2 months. In July, listings increased in 46 of the state’s 51 counties. Days on the market increased to 14 days, up from 8 days a year ago. Rising interest rates and housing market risks have contributed to this increase, but these factors aren’t the only factors driving the California real estate market.
In order to get a real estate license, a person must complete at least 135 hours of college courses. At least half of these hours must be completed in real estate. In addition to these prerequisites, a candidate must pass an exam administered by the DRE.