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.

Model MLS Rules/Materials

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

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®.

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 Materials

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

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.

Professional Standards Administrator Certification

All local associations/boards must designate and certify one person primarily responsible for administration of professional standards processes.  Register for certification here.

Professional Standards Webinars

Missed a training?  Check here for previous Professional Standards webinars.

Resources for Hearings via Zoom

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

2021 Mediator Training for REALTORS®

C.A.R. is presenting a 4-day Mediator Training for REALTORS® via Zoom webinar.  All REALTORS® are welcome to register.

Professional Standards Train-the-Trainer

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


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

June 7, 2021

While the outlook for the economy and the market remains bright, both are encountering supply constraints as the reopening continues. Despite a surge in consumer spending and an improving job market, labor and material shortages have become hurdles that the recovery needs to overcome. As such, inflation and slower job growth remain topics of concern when discussing how fast the U.S. can get back to its pre-pandemic levels. Meanwhile, the housing market has had solid performance since the second half of 2020 but is showing signs of moderations in recent weeks. As tight supply continues to apply upward pressure on prices, the market momentum could slow as affordability issues kick in in the second half of the year.  

REALTORS® See Some Market Moderations in the Week Ahead: While almost half (48.6%) of those who responded to the weekly survey expected home sales to rise in the coming week, the share has been below 50% for the fourth time in the past five weeks. Meanwhile, more REALTORS® believed that home prices might have already peaked as those who expected prices to go up declined to 58.2%, the lowest level since late January. The consistent moderations since late April suggest that the market momentum could be easing slightly going into the summer season. 

Job Growth Improves but Lower than Expected: U.S. employers added 599,000 jobs last month, an increase from a revised 278,000 in April, but the gains were lower than expected. Businesses continue to struggle to fill job openings as potential workers remain on the sidelines. Factors that constrain the labor supply includes workers’ fear to go back to their jobs because of concerns about catching COVID, the disincentive effect of additional unemployment benefits, and childcare constraints as schools have not fully returned to in-person learning. With payrolls still 7.6M below the pre-pandemic level, a full recovery may not be reached until early 2023. The unemployment rate fell to 5.8% in May from 6.1% the prior month.   

Rates Inch Up but Remain below 3%: The average 30-year fixed-rate mortgage (FRM) increased slightly in the first week of June but remained below the 3% threshold. Despite market concerns about rising inflation in recent weeks as the economy continues to recover, the average 30-year FRM compiled by Freddie Mac has been at or below 3% for the past seven weeks. The lower-than expected job growth figure released last Friday may have eased some of the market concerns, as the 10-year Treasury has been primarily moving side-ways since then. 

Consumers Feel More Pessimistic about Homebuying: As housing affordability deteriorated further and supply shortage remained an issue, homebuyers sentiment declined to the lowest point in 32 months, according to the C.A.R. Housing Sentiment Survey. Only 19% of consumers believe it is a good time to buy a home in May 2021, a sharp drop from 25% in the prior month, and a steep decline from 31% in May 2020. With California setting another record median price in April 2021 and the corresponding mortgage payment increasing more than 30% from a year ago, potential homebuyers are feeling more pessimistic about the homebuying conditions.  Meanwhile, 72% of all respondents believe it is a good time to sell, an all-time high since the survey launched in September 2018. 

Home Building at Fastest Pace in Areas with Shortest Commute Times: Home building expanded the fastest in places with the shortest commute times, according to an index released by the National Association of Home Builders (NAHB). The Q121 Home Building Geography Index (HBGI) shows that single-family home building was the highest in the longest commute (top two quintiles), with a combined market share of 63.6%. The year-over-year growth rate, however, was the strongest at 22.2% in the shortest commutes (bottom quintile). So, while the longer-commute areas have a much greater market share in single-family home building, the construction growth rates were highest in the areas with shortest commute times. 


Weekly Data for WE 2021-05-29

Updated infographic coming soon!

Top Searches