University Forecasts 12% Decline In CA Home-Buying

The number of homes being sold in California could decline by 12-percent next year.  That's according to Chapman University's annual home-buyer forecast that says the number of home sales in 2019 is going to be the lowest since 2014.  Reasons for the decline include a significant drop in housing affordability and a major housing deficit.  The statewide median price for a single-family home is forecast to be 592-thousand dollars, up nearly three-percent.

Fewer homes are expected to go on the market in California.

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