California Home Price Growth to Moderate in 2019

• California’s median single-family home sales price is expected to hit $593,400 by the end of next year, an annual gain of 3.1 percent.
• More than one-third of homebuyers in the Bay Area and Southern California are forecast to leave the county in which they resided this year.
• In 2019, California’s gross domestic product is projected to grow by 2.4 percent, with the unemployment rate holding steady at 4.3 percent.

Golden State home price appreciation is projected to slow to a six-year low in 2019, although rising mortgage rates will reduce affordability even further. Read full article @elizabethGkilgore






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