C.A.R. last week released its “2014 California Housing Market Forecast,” which predicts that the state’s housing market will continue to improve next year, with sales shifting toward primary home buyers and both sales and home prices posting further gains.
The C.A.R. forecast sees sales gaining 3.2 percent next year to reach 444,000 units, up from the projected 2013 sales figure of 430,300 homes sold. Sales in 2013 will be down 2.1 percent from the 439,400 existing, single-family homes sold in 2012.