California's existing single-family home sales are forecast to rise 2% to 274,400 units in 2026, with the median home price increasing 3.6% to $905,000. Housing affordability is expected to improve slightly to 18%. Mortgage rates are projected to decline to 6.0%, aiding market conditions. Economic growth will slow, unemployment will rise modestly, and housing supply will improve, supporting a mild price increase and better buyer opportunities.
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