California, Bay Area Home Price Growth Continues to Outpace U.S. Rate

  • Home prices in the San Francisco metropolitan area and California grew by a respective 8.9 percent and 8.0 percent in November on an annual basis.
  • California home prices are projected to increase by 8.4 percent year over year by November 2018, compared with a forecast of 4.2 percent appreciation nationwide.
  • Affordability is not projected to improve in the coming year barring a significant uptick in new construction.

While U.S. home price appreciation is expected to moderate in the coming year, price growth in California should increase slightly, putting it at double the national rate by the end of 2018.