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While Calif. Housing Market Improves, Affordability Declines

2015-10-09 22:50:42| Real Estate - Topix.net

The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, the slowest appreciation rate in five years. California's housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability will persist as well, the California Association of Realtors said Thursday in its 2016 California Housing Market Forecast.

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