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You are here: Home / Real Estate / 2021 Forecast: Sales & prices to rise

2021 Forecast: Sales & prices to rise

October 15, 2020 By Geoffrey Disch Leave a Comment

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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