Get the latest update on the California’s housing market by joining our next webinar. During the session, C.A.R. economists will share their insights on the latest housing market conditions and how they might affect the CA real estate sector moving forward.
Despite a slow start in the first month of 2015, sales in the California housing market continue to gain on a year-over-year basis for the last four months. With pending sales jumping at a double-digits rate from a year ago, the California housing market should continue its momentum and have a solid home buying season through the rest of the summer. But with interest rates slowly rising and expected to climb further towards the end of the year, how should we expect the market to react? While we are seeing more homes being listed in recent months, the housing supply remains tight. Should we be concerned? How would low inventory level affect housing affordability?