California Real Estate Prediction for 2016: Smaller Home-Price Gains Ahead?
CAR expects house values in the Golden State to continue rising next year. Home prices will likely “grow steadily this year and next [2016],” the Realtor group said recently.
But next year’s gains could be smaller than what we’ve seen in recent years. To illustrate this cooling trend, let’s look at the median selling price for California homes over the last few years.
- In 2013, the median selling price for single-family homes (let’s call it “median SFH”) rose to $407,200. That was a whopping 27% increase over the previous year.
- In 2014, the median SFH value rose again to $447,000, but this time the year-over-year gain was 9.8%. Still a big gain, but slowing nonetheless.
- In 2015, CAR projects that the median SFH price will be $470,600 for the year. That’s an increase of 5.3% over 2014. Annual appreciation slows again.
- CAR’s California real estate forecast for 2016 predicts an additional 4.4% rise in home prices, with the median SFH value climbing to about $491,300 by year’s end.
This doesn’t mean the California housing market is becoming “sluggish.” Far from it. Housing demand is still high in most metro areas across the state. It merely suggests a return to normalcy.
The double-digit price increases of 2013 and 2014 were anomalies resulting from the housing collapse of a few years earlier. Home prices had a long way to climb in those days, so they rose quickly (especially as the economy recovered). Annual gains of 4% to 5% are more normal and sustainable.
Market ‘Temperature’ Varies from One City to the Next
These are statewide predictions for the California real estate market in 2016. Some cities and metro areas could see much bigger gains next year, compared to the statewide forecast above. If I were a betting man, I’d say home prices in San Francisco will rise more than 4.4% in 2016.
On the other hand, some real estate markets across California are already reaching pre-recession peak levels. The year-over-year price gains have slowed considerably in these areas, even more than the statewide cooling trend shown in the bullet points above.
The Threat of Rising Prices, Mortgage Rates
While mortgage rates have risen slightly since the start of this year, they are still low by historic standards. The average rate for a 30-year fixed mortgage has been hovering around 4% for many weeks. This has brought more buyers into the market, boosting demand for housing and driving real estate prices north across California.
The general consensus among mortgage and housing analysts is that long-term mortgage rates will likely rise in 2016. These predictions are based on several factors, including economic improvements, increased demand for housing (and mortgage loans), and the likelihood that the Federal Reserve will raise the federal funds rate later this year.
If home loan rates do begin to rise in 2016, it will likely reduce real estate sales volume and thereby soften demand. But that’s a lot of “if” statements.
The bottom line: Most California real estate market predictions for 2016 call for continued, but more modest, home-price gains. Low mortgage rates should continue to lure buyers into the market between now and the end of this year. But a gradual rise in interest rates and home prices (which is what many have predicted) could price some buyers out of the market. So, while there is room for continued growth in most housing markets across California, we probably shouldn’t expect the kinds of gains seen over the last couple of years.
Disclaimers: This story contains a forecast and outlook for the California housing market in 2016. Such statements are the equivalent of an educated guess and should not be viewed as financial advice or guidance. The publishers of this website make no claims, assertions or guarantees about future real estate trends. Third-party data are deemed reliable but not guaranteed.
I couldn’t refrain from commenting. Well written!
Gay mwle internet radioEnlarged vaginaFreee porn africaBig brast fullTrannies fucking trannies cartune previewFree clips of sexual acts inn trucksAsian bbreast abuseGay eotic my ssters husbandNude
videos of erica campbellVirgikn of tthe rocks mdonna oof thhe rocksMinnesota masturbation clubTeeen angela galleryIntrerracial mature blowjobsHitacdhi orgasm wandD6 escortsBlonde tteen slutloadDrying time latex paintFreee amateur crossdressing
photoMaghna cum laude easer eggsFreexx ametuer pornKanrhal aae
stripFreawky granhny pornSuck off iin carVintagge ongs toolsMcleansboro sexDavces vintageGames
abduction adultCockk erupts iin mouthBreast vaginaMeliesa scoyt gayBikini frree videoMap asian countriesMuscle hairdy gaay menAmateur radio zonesFree eerotic
guy underwearIowa slutSexual assault casees inolving alchol drugsHot dayy hairy chestBig breast free videoSusa cjase breast specialist
indianapolisOldest nakerd grandmaPretty huge dickGirl jacks off boyfriend in elevatorButy transvestiteBig titys att orkBondage iin egyptNakrd brazlian picAva
devine fuck titI sucked mmy maes cockEuropean pornstar database claudia marie com
Teenn pregnaancy – marriagge vs.NonmarriageMet dasha nudeSwingers in skaneatelesHoow
to maale ejaculationg anus stimulatingMalin akerman sexx
videosBowes and cocks realtor harrowsmith ontarioVoyeur husband
watchews wifeDancong dolwnload frwe icon stripperBackseat lesbiwn 2007 jelsoft enterprises ltdXnnxx
real wifee gets hard cockPeoplr killked anually paintiing stripsBotto marked
wcVarla guuns sexyNews for teen about obesityAnlnymous adujlt media postingFemale domination prostate milkingWoman geting fucked byy a dogMarried christian seex
guidce onlineFaake nide photos of kathie leee giffordGidls wearing those sexy nike shortsBbww teenn eroticaHomemade bigg bkack cock latinaFreee druchk sexAdultt enertainment palom beach countyAsizn natfural
beautyy productsVirgin telephone numberFirst lesbian bangFull tumb annd index glovesPinoy gay boyExtremne aanal insertioon objectsHugge boos at gloryholeSuoer
styrip fighter forumMagure dadeies seniorsInuisition art bdsmXxxvides pantyhose punishmentChubby teenage boysTeeen cauught mothdr
fuckingAnyy god hentai vidseos on aresSexx macjine orgazm videoTeen chrissyAnaal
gland iin dogBabes sex comGayy anawl cresmpie pictures and
videosOprahh admits to being gayGay bulge jpgFemale bikiuni picturesAccept ault cardd credit site webVintgage sstyle wedding gownRacial femdom giantess storiesWarch
amatur pornBest material ffor senseitive breastWoman nde legs spreadVntage
60 inchh cultured ppearl necklaceShameless gettig fuckedNasety adxam eve hardcoreMasumkan penis ke vaginaFree seex clkip oof anme andd hentaiNaked poctures of yyo mammaHeidi
interracialBoozedwomen fucking only blackstripperSexx
sailingAttract strippersGay fjght shortsChinese finnger trap ssex postionParents
against gay marriageVideo upp lose pussy orgasm clitSex offenderes
in vilation inn fresnoHoow too repair banana penisChicco stripperChristmas lingerie saleAustralian teen self image statisticsSex elyVintage
picnic tinReal black teen nde thumbsTeera patrick xxx videosVintage pinn up dressesAdultt illnessDownload knoccked out chlooroform naked videoFrree crtuses for teensGuuy sucking titsSmall naural titsMedical brreast enlargeRelazx friehds nudeStreaming aduult freeCamerdon dickSocial distortion sex drugs rock n rollNuude youyng girl high defDaawn marie njde psaltisJody summer pornCock tease orange countyLatex
tablpe off equationsOral sex female kinga escorts hourNewsgrlunds matureCytheria lesbiansTifany teden tiffany teen modelFaat blqck woman inn bikiniFree indsian ude gallerysBounce
nightclub cleveland ohio pokice sexualPoorn stards like iit biig
torrentPorn star americaneMother fucking daughtr
vidsNakmed amateur womken galliers thumbsSexyy pssp desktopsKunshan sauna eroticWives swinging gamesFreee haardcore
sleespover xxConolingus cunnilingusKamasutra lesbian100teens pornFreee
kinky gaay haziry seex moviesEbokny whitee men fuckBeeer aand ass mp3Gina lunn silent but sexyWoman deethroat
man on ladderPorn stardmovie zoneGirl seex adult nudeRowibg gayAdult sexy computewr programsBubble ass and bibb titsGoood looing
women sexBukkake aszian moviesSwedish teen pornn clipsYour sex
is oon firee songAmetyure gay inn jock strapsErotijc chunese gayBoobb video
milkHuge tit playingNude beeach glamourr bbig boobsRidbe onn thumb nailYouu tubee frse sexFree amateur teene pornGirlss from real world mewlinda nudeUkraine girls frewe thumbsThresome petter northVelmaa lickked hisAdult atvv for saleAsian screwingSeex stories penthouseA feww cum shotsAtkk hairy sammyAmatfeur unwanted sexGaay dungeon bdsmSaample brither sister sexx videosSillly breast cancer giftsAmatrur xtubeTeeen burger wikipediaPoorn sites that being with vLatfex picture putFree bikini move galleryFree pantyhose
hdd pics
Itss like you learn my thoughts! Yoou appear to grasp a
lot abouyt this, such aas youu wroe tthe ebnook in itt orr something.
I thibk that you simply coulpd do with a few percent to force thee messasge house a little bit, howerver instead of that, thiis iss grsat blog.
A fantasgic read. I will certainly be back.
2ZUNP9wMDGhxqCelTXWlqlFDsg8
I always was interested in this topic and stock still am, thankyou for posting.