The California Housing Market continued to disappoint with lower sales and falling house prices. At the same time, we've seen weekly mortgage demand decline as interest rates edge back towards 7%. How will this affect the California Housing Market? Should you Buy Now or Wait for Prices to Collapse? As of the 4th quarter on 17% of Californians could afford the median priced home. In this video, we discuss California real estate along with what I'm seeing in the Orange County, California housing market.