California Real Estate in 2027: Trends, Challenges & Opportunities with Oscar Wei – Part 1 #971

In Part 1 of Joey Romero’s conversation with Oscar Wei, Deputy Chief Economist at the California Association of REALTORS® (C.A.R.), they discuss the 2027 housing market forecast, mortgage rate projections, inflation, and housing affordability. Oscar also shares how AI is improving economic research and explores how employment trends, mortgage rate lock-in, and housing supply could shape California’s real estate market.

In this episode:

C.A.R.’s 2027 housing market forecast and the economic factors shaping its projections. How artificial intelligence is transforming economic research, data analysis, and forecasting. Federal Reserve interest rate expectations and their potential impact on mortgage rates. Inflation, wage growth, consumer spending, and the effects on household budgets. Employment trends, AI-related job displacement, and economic uncertainty. Mortgage rate lock-in and why homeowners may hesitate to sell their properties. California’s housing affordability challenges and the potential benefits of smaller homes and higher-density development. How stabilizing mortgage rates, increased housing inventory, and policy changes could help improve homeownership opportunities. 

 The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669. For more information on hard money lending, go to www.thenorrisgroup.com and click the Hard Money tab. 

Video Link 

Radio Show