Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity. The C.A.R. forecast sees a modest increase in existing home sales of 1.4 percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold.
Millennials are one of the largest segments of our population. They are now into their early 30’s and entering their prime wage earning years. How many are renters? How many are homeowners? What do they look for in a home? Find out the answers to these burning questions and all about Gen Y as the results of C.A.R.’s 2016 Millennials Survey are revealed.