Did you know? The California Association of Realtors® has released their 2020 housing market forecast. Keep up-to-date on the latest market trends with us.
C.A.R. 2020 housing market forecast
"'With interest rates expected to remain near three-year lows, buyers have more purchasing power than in years past, but they may be reluctant to get off the sidelines because of economic and market uncertainties,' said C.A.R. President Jared Martin. 'Additionally, an affordability crunch will cut into demand in some regions such as the Bay Area, where affordability is significantly below state and national levels. These factors together will subdue sales growth next year.'"