Agents and Investors: Check out the CAR economic factors affecting the housing market in California from the California Association of Realtors Chief Economist. Very well put together, you will pick up a few nuggets from this.
California’s housing market probably will slow in 2020.
Economic uncertainty and high prices are muting the housing market in the nation’s most populous state, according to the California Association of Realtors.
The median home price in California will increase by 2.5% to $607,900 in 2020, slowing from a projected 4.1% annual gain in 2019, CAR said in its forecast. Sales of single-family homes probably will gain 0.8% in 2020, following a 3.1% drop this year from 2018’s level, the group said.
#cahomes #economics #CAR #californiarealestate #billgross #certifiedprobateexpert #realdealsLA #cahousingmarket - 40 minutes ago