Page 84 - 2018 Forecast_Neat

2018 Forecast

California Housing Market Outlook

2017 trends continuing into 2018

OVERVIEW:

• Number of SFH Resales will continue to increase in 2018 but at a lower rate
than the previous 3 years

• 1.0% increase vs. 1.3% (2017), 1.8% (2016), and 7.0% (2015)

• Median homes prices will increase 4.2% to $561,000

• Lowest percent change in the last 6 years

• Affordabilty will see its biggest drop since 2014

• Mortgage rates will be the highest in 6 years

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