California Housing Market Forecast 2020 Los Angeles San Francisco San Diego
If prices follow and enter into a tailspin, many buyers struggling to afford a home would rejoice — provided it wasn’t accompanied by an economic downturn and return to high joblessness. The California housing market plateau'd in November. Despite lower mortgage payments, buyers can't afford the down payments nor find a suitable home to purchase. With listings decreasing dramatically, and the US economy and job market doing well, we might expect much higher home prices in 2020. Housing economists suggest price growth will be more moderate however. Read more...