C.A.R. Releases its 2014 California Housing Market Forecast

California Association of RealtorsCalifornia home sales and prices to rise in 2014 as market transitions toward primary home buyers

The California median home price is forecast to increase 6 percent to $432,800 in 2014, following a projected 28 percent increase in 2013 to $408,600… The wildcards for 2014 include federal, fiscal, monetary and housing policies – such as the mortgage interest deduction and mortgage finance reform – as well as housing supply and the actions of the Federal Reserve, which will ensure a higher rate environment.

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