2015 California Economic & Market Outlook

Today, more than 200 SFAR and Women’s Council of REALTORS® members gathered to hear Leslie Appleton-Young, CAR’s Vice President and Chief Economist, deliver her economic and market outlook.

Here are a few of the highlights:

  • Consumer confidence is at a 7-year high
  • The Bay Area leads job growth — San Jose (3.8%) and San Francisco (3.6%)
  • New Home Sales rose 8.8 percent from 2013 to 2014
  • In California, investors made up 15 percent of the market in 2014, compared to 19 percent in 2013
  • In 2014, first-time homebuyers made up 30 percent of the market, compared to a long run average of 38 percent
  • In San Francisco, 15 percent of households can afford the median home priced home

To access the full presentation, click here

Skip to content