Industry 360°

Housing Market Forecast

The latest market forecast and projection to what lays ahead.

Data & Statistics

View the latest sales and price numbers. Find out where sales will be in upcoming months.

Current Sales & Price Statistics Housing Affordability Index - Traditional Historical Housing Data
Housing Matters Podcast

Your housing hub for market analysis, economic trends, and housing news.

Market Minute

Get a roundup of weekly economic and market news that matters to real estate and your business.

Speeches & Presentations

Catch up with the latest outreaches and webinars by the Research and Economics team.

Surveys & Reports

Californians are surveyed annually to gain insights on the housing market from their persepective.

Stay Connected

Stay connected with the latest releases by subscribing to the products and services that interest you.

CAR Interboard Arbitration

Looking for information on how to file an interboard arbitration complaint?  You've come to the right place!  Find the rules, timeline and filing documents here.

Resources for Hearings via Zoom

Find tools, tips and tricks for successful online hearings and mediation conferences here

Model MLS Rules/Materials

California Model MLS Rules, Issues Briefing Papers, and other articles and materials related to MLS policy.

Online Training for Professional Standards Volunteers

These volunteer training courses are for members who will be part of Board of Directors, grievance committees and hearing panels at local associations.

Professional Standards Administrator Certification

All local associations/boards must designate and certify one person primarily responsible for administration of professional standards processes.  NAR requires that all Professional Standards Administrators re-certify every four years, thereby meeting the learning objectives and minimum criteria established by NAR.  

Professional Standards Train-the-Trainer

This training course is for those who want to become certified as a professional standards trainer.

Code of Ethics Violators

Summaries and photos of California REALTORS® who violated the Code of Ethics and were disciplined with a fine, letter of reprimand, suspension, or expulsion.

Statewide MLS Initiative

An explanation of C.A.R.'s position on MLS consolidations in general and a statewide MLS in particular.

NAR Code of Ethics

The most recent edition of the Code of Ethics and Standards of Practice of the National Association of REALTORS®.

Professional Standards Materials

The California Professional Standards Reference Manual, Local Association Forms, NAR materials and other materials related to Code of Ethics enforcement and arbitration.


C.A.R. advocates for REALTOR® issues in Washington D.C., Sacramento and in city and county governments throughout California.

PACs and RAF

CREPAC, LCRC, IMPAC, ALF and the RAF comprise C.A.R.'s political fundraising arm.

REALTOR® Action Fund
Politics and You

Learn how you can make a difference, by getting involved yourself or by passing along valuable information to your clients.

Arbitration Rules

California Code of Ethics and Arbitration Rules and external link to JAMS Arbitration service.

Recent Legal Developments

Summaries of legislation and regulation effecting REALTORS® and updates on news relevant to REALTORS®.

Real Estate Cases and Other Legal Resources

Important industry cases, resources and information

Legal Matters Podcast

Learn on-the-go! The Legal Matters Podcast gives you bite-size nuggets of power-packed legal information that will help you protect yourself and your clients. Join our attorneys for a “Legal Bedtime Story” or for the scoop on vital issues like the “Top 5 RPA Mistakes”.


Current legal developments, C.A.R. legal products and services.


What is This?
Add a quick link to this page from the Homepage when you are signed in
Share Article

October 22, 2020

The economy continues to bounce back but is recovering at a moderate pace. While many economic indicators are clearly showing signs of improvement, it will take time to get back to the pre-pandemic level as many uncertainties remain unanswered.  The housing market, on the other hand, remains a rare bright spot even as it transitions into the traditional slow time of the year. While the market is showing signs of leveling off in recent weeks, it is still stronger than normal as low rates and renewed interest in home buying continue to fuel housing demand.  

California Job Market Is Slowly Recovering: Employment conditions continued to improve in California, with the unemployment rate falling to 11.0 percent in September, as nonfarm payrolls added a net total of 96,000 jobs. California has added back more than 994,000 jobs since May, but the state employment level is still below the February peak by 1.6 million. With job growth moderating in the last three months and not expected to see significant surge in the last quarter of 2020, the recovery will take some time.

Retail Sales Top Estimates as Consumer Sentiment Continues to Rise: Despite slow growth in the job market, consumers continued to spend at the fastest pace in three months. Retail sales shot up 1.9 percent in September, more than double the consensus expectation. The unexpected big gain in spending reflects that consumers could be tapping into their elevated savings, as the personal saving rate remains high at 14.1 percent in August after peaking at 33.6 percent in April. Meanwhile, consumer sentiment continued to improve as the index released by the University of Michigan climbed again and continued to move in the right direction.

Housing Starts Fall Short of Expectation, but Builder Confidence Remains Upbeat: Housing starts rose 1.9 percent in in September, with multifamily starts declining 16.3 percent, while single-family starts jumped 8.5 percent. As apartment constructions continued to slow, single-family homebuilding gained momentum as housing demand remained robust since the pandemic lockdown was lifted. Homebuilder confidence remains elevated as the National Association of Home Builders housing market index climbed to the highest level on record. Low rates and ongoing shift in housing preferences to adjust to new COVID norms are primary factors for the rise in developers’ confidence.  

Buying Season Continues to Slow but Fall Will Likely Be Stronger than Normal: The statewide average daily sales declined again and dipped to the lowest level in five weeks, suggesting a continued slowdown of the extended home buying season. The momentum of housing demand has not completely fizzled out, however, as pending sales inched up slightly from the prior week. This could suggest a stronger- than-normal fall market if rates continue to stay near record lows. Tight supply remains an issue though, as average daily new listings were down 6.5 percent and reached the lowest level since early July.    

REALTORS® Spirits Were Lifted, at least temporarily, as listing activities increased in the latest week. Despite a decline in close of escrow sales, more REALTORS® had a property listed (+20.4%) or a listing appointment (+12.6%) in the most recent week. While this market trend may not be completely in line with what was suggested by the latest market data, an increasing number of REALTORS® believed that the market will see an increase in new listings in the week ahead.  More than a third of REALTORS® also believed that prices will continue to rise in the upcoming week.    

The market will likely moderate in the upcoming weeks/months as we move into the holiday season. Despite the anticipated seasonal slowdown, market participants remain positive, at least for now, about the outlook of the housing sector.  


 Download This Week's Infographic and Write-Up

Past Market Minutes
For previous weeks visit our archive folder.

Top Searches