Housing Market Forecast
The California housing market kicked off the year with a weak start but has been improving throughout the last five months. With interest rates trending down since the end of 2018 and likely to remain below last year’s level for the rest of 2019, the outlook is brighter than originally anticipated at the beginning of the year. Whether the momentum will be carried forward, however, depends on the general economic condition, the consumer sentiment, and the landscape of the real estate industry. Above is C.A.R. Chief Economist Leslie Appleton-Young's update on where the market is heading and what challenges we will face in the second half of 2019.
2019 Mid-Year California Housing Market Forecast by Leslie Appleton-Young
SOURCE: California Association of Realtors