2021 Forecast: Sales & prices to rise

The California Association of Realtors is forecasting that 2021 will see an increase in sales of single family homes by 3.3 percent and a rise in price of 1.3 percent for a median California house to $648,800.

Economic uncertainty and a continuing shortage of available homes for sale will keep these increases modest, according to CAR.

It’s also predicted that mortgage rates will remain historically low, which will encourage motivated buyers to purchase.

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