Page 80 - 2018 Forecast_Neat

2018 Forecast

Now that we have thoroughly looked at how the market and economy are today and what challenges

it is facing, we can start to predict what will happen in 2018. C.A.R.’s 2017 forecast compared with the
projected numbers for 2017 (see page 7) are fairly spot-on so pending any unexpected factors, the
2018 forecast is a strong indicator for how the California Housing Market will fair in the coming year.

KEY TAKEAWAYS:

ASK THE AGENTS

• Agents see low inventory continuing to affect the California real
estate market

CALIFORNIA HOUSING MARKET

• The number of existing home sales will increase 1% in 2018

• Median home prices will continue to rise although at a lower
rate than the previous years

• Affordability will continue to decline

• Mortgage rates will inch up

80 The Bishop Real Estate Group • www.TheBishopRealEstateGroup.com