CALIFORNIA HOUSING MARKET FORECAST June 2014. California Housing Market Outlook SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

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California Housing Market Update

Exhibit 1:Summary Table

Sales Lose Momentum as Mortgage Rates Continued to Climb

March Home Sales Continued to Improve

Sales End 2017 with Slight Increase

Sales Had the 2nd Largest Drop in the Last 6 Months

Sales of Existing Detached Homes

Sales Had a Strong Bounce Back in February

Sales Had the Largest Decline since March 2014

Sales Lost Steam after a Strong Start in Q1

Home Sales: Largest Decline Since 2014

Sales Continued to Improve for the Third Consecutive Month

Exhibit 1:Summary Table

Sales Declined for the 3rd Consecutive Month

Sales Decline YTY for the Third Straight Month

California Housing Market Update

Sales of Existing Detached Homes

Sales Started the Year with Down

Sales Reached the Lowest Level since Jan 2015

California Housing Market Update

Exhibit 1:Summary Table

Exhibit 1:Summary Table

California Housing Market Update

First Back-to-Back YTY Decline Since Last August

California Housing Affordability Update

California Housing Affordability Update

Sales Declined the Most Since August 2014

Pending Home Sales Index

Inventory Improved as Sales Continued to Fall

Sales Reached the Lowest Level since Apr 2008

Exhibit 1:Summary Table

California’s Fiscal Outlook

Sales Highest in 6 Months

California Housing Affordability Update

Sales Bounced Back After Small Dip Last Month

California Housing Affordability Update

Sales Highest since July 2013

Total Assets US Affiliates (billions).

California Housing Affordability Update

California Housing Market Update Monthly Sales and Price Statistics

California Housing Affordability Update

Sales of Existing Detached Homes

Sales Continue to Grow Annually

Competitive Price Lines as of _______________________________

Presentation transcript:

CALIFORNIA HOUSING MARKET FORECAST June 2014

California Housing Market Outlook SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Sales Down for 2014 but Improve in 2015; Price Continues to Grow this Year and Next Year Units (Thousand) Price (Thousand) SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

CA: Dollar Volume Steadily Improving Up 5.2% in 2014, Up 9.3% in 2015 % Change$ in Billion -60% SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

U.S. Economic Outlook 2014 SERIES: U.S. Economic Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

California Economic Outlook 2014 SERIES: CA Economic Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®