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California housing market outlook (worst case)
2015
2016
2017
2018
2019
2020p
2021f
SFH Resales (000s)
409.4
417.7
424.9
402.6
398.0
399.3
349.5
% Change
7.0%
2.0%
1.7%
-5.2%
-1.2%
0.3%
-12.5%
Median Price ($000s)
$476.3
$502.3
$537.9
$569.5
$592.4
$655.4
$547.9
% Change
6.6%
5.4%
7.1%
5.9%
4.0%
10.6%
-16.4%
Housing Affordability Index
31%
31%
29%
28%
31%
33%
41%
30-Yr FRM
3.9%
3.6%
4.0%
4.5%
3.9%
3.2%
3.2%
SERIES: CA Housing Market Outlook
SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
CALIFORNIA ASSOCIATION OF REALTORS®
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