2015 Is Tailor-Made for Golden State Homebuyers, Says Forecast The year 2015 may go down in the record books as the year of the California homebuyer. Homes crowded on a San Francisco hill.A forecast by the California Association of Realtors offers unbridled optimism for homebuyers in the coming year, predicting that the supply of available homes on the market will continue to grow, prices will flatten, and fewer investors will be bidding against “traditional homebuyers” as home sales rise modestly across the state. The organization’s 2015 California Housing Market Forecast also predicts that mortgage interest rates will remain at “historically low levels” throughout the year. “Stringent underwriting guidelines and double-digit home price increases over the past two years have significantly impacted housing affordability in California, forcing some buyers to delay their home purchase,” CAR President Kevin Brown said in a statement. “However, next year, home price gains will slow, allowing would-be buyers who have been saving for a down payment to be in a better financial position to make a home purchase.” Read the full story >> blog.pacunion/2015-car-forecast/
Posted on: Sat, 25 Oct 2014 20:20:01 +0000