California Housing Market 2026: Will It Crash or Recover?

2026 home sales forecast: 274,400 units, up 2% from 2025.
Median home price projected at $905,000, ↑ 3.6% from 2025.
Housing Affordability Index expected to rise to 18% in 2026.
30-year fixed mortgage rate forecasted to fall to 6%, improving affordability.
Active listings projected to grow ~10%, easing buyer competition.