CALIFORNIA HOUSING MARKET FORECAST April 2015. CALIFORNIA HOUSING MARKET OUTLOOK SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

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March Home Sales Continued to Improve

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

Sales of Existing Detached Homes

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Exhibit 1:Summary Table

Sales Declined for the 3rd Consecutive Month

Sales Decline YTY for the Third Straight Month

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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

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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

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Exhibit 1:Summary Table

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Sales Highest in 6 Months

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Sales Highest since July 2013

Total Assets US Affiliates (billions).

California Housing Affordability Update

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 April 2015

CALIFORNIA HOUSING MARKET OUTLOOK SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

SALES DOWN FOR 2014 BUT WILL IMPROVE IN 2015; PRICE WILL CONTINUE TO GROW THIS YEAR Units (Thousand) Price (Thousand) SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

CA: DOLLAR VOLUME UP 1.4% IN 2014, UP 10.0% IN 2015 % Change$ in Billion -60% SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

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

CALIFORNIA ECONOMIC OUTLOOK SERIES: CA Economic Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®