11/03/2026
California 🏡 More home sales in 2027 doesn’t necessarily mean homes get more affordable.
JUST 1™ MINUTE OF REAL ESTATE
C.A.R.’s 2027 forecast projects:
📈 Existing single family home sales rising 3.7%
🏡 A statewide median home price of $894,400
📊 An average mortgage rate of 6.6%
🔑 Housing affordability holding at 20%
A recent Pasadena Now article highlights the tension: a modest recovery is forecast, while inflation and borrowing costs continue to challenge buyers.
💡 Here’s the nugget: A 3.7% increase in SALES means more homes changing hands. It does not mean home VALUES rise 3.7%. The separate price forecast calls for a 1.4% increase.
And that 6.6% mortgage rate? It’s a projected annual average, not a rate you’re guaranteed to receive.
My take? Use the forecast as context. Build your decision around local prices, your actual
Source: https://www.pasadenanow.com/weekendr/california-housing-market-faces-another-difficult-year-despite-optimistic-2027-forecast/
Lulu Logan
Realtor ® DRE #01452747
Founder and Builder of Just 1™ Real Estate & Just 1™ Network