

CALIFORNIA AVOCADOS
Avocados are grown on approximately 60,000 acres, primarily in southern and central California, typically in regions tempered by coastal climates. Most of the avocado acreage lies between San Luis Obispo and San Diego. Avocados are produced in 15 counties but five coastal counties account for essentially all of the state's production. Based on 2002 USDA census data, San Diego, Santa Barbara, and Ventura Counties are the top producing counties, accounting for approximately 80% of the total avocado acreage in California (USDA, 2002). San Diego County is the leading county, producing nearly 47% of California market value for avocados (USDA, 1999a), accounting for 39% of the state's avocado producing acreage (USDA, 2002). Other counties with significant production are Riverside (14%) and Orange (3%) counties. California produces 95% of the avocados grown in the United States and 10% of the world's production. From 1990 to 1998, California's average production was 323 million pounds, with typical fluctuations of 5% (USDA, 1999a) This crop requires relatively few chemicals to control insect pests. Beneficial insects are used as part of an Integrated Pest Management (IPM) approach in which harsh chemicals are avoided to maintain this balance.
Several varieties of avocados are harvested in California including, Haas, Lamb Haas, Bacon, Zutano, Fuerte, Pinkerton and Gwen. The Haas variety is the predominant tree accounting for roughly 90% of the total production. Due to California's unique coastal micro-climate, avocados are harvested year round with a typical tree yielding 60 lbs of fruit per year. The official avocado crop year runs from November 1 through October 31. Avocado fruit can be held successfully after harvest in cold storage for approximately 2 to 4 weeks. The size and oil levels of the harvested fruit, in part, determine the grade of the harvest.
Avocados are typically grown in well-drained, fine or course sandy loam soils. Micro sprinkler and drip irrigation systems typically are used to deliver water to the grove floor. Avocado roots are relatively shallow, so deep watering is unnecessary. There are over two-dozen avocado bearing soils in San Diego, Santa Barbara, and Ventura Counties alone (USDA, 2006). Approximately 63% of avocado bearing soils in these counties are in drainage groups C and D. Of these, the Cieneba series is the most common avocado bearing soil with moderate expected yields under irrigation (Table 5). The Cieneba series accounts for approximately 37% of avocado bearing soil acreage (USDA, 2006). Cieneba soils are thermic, shallow Typic Xerorthents located on uplands with slopes of 9 to 85 percent (USDA, 1999b). Location and metfile selections are often the most important developments affecting scenario vulnerability and protectiveness. Because this scenario is intended to represent avocado production along the southern coastal area of California, the metfile closest to the center of the primary avocado producing county (San Diego) was chosen. The Cieneba soil series was selected for this scenario because it is both representative of avocado bearing soils (Oster, 2006), is predominant in San Diego County as well as central and southern California, represents the majority (44%) of avocado soils in drainage, the fourth most erosive soil type, and is among the steeper sloped avocado bearing soils (Table 5).
Cieneba is a Hydrologic Group C soil, which represents the majority (44%) of these soils in drainage. Cieneba soils have a USLE K factor of ranging from 0.24-0.32; approximately 82% of avocado bearing soils have a USLE K factor between 0.24 and 0.32 (Table 5). Approximately 10% of avocado bearing soils have a pH lower than Cieneba soils (5.8 - 6.5), although soil pH is not currently a PRZM input parameter and is not expected to often affect chemical fate in the acidic range. Based on the official soil series description, Ceineba soils have an A horizon from 0 to 10 inches (0-25 cm) deep and a C horizon from 10 to over 30 inches (25-76 cm) deep, however the C horizon is primarily weathered granitic material with remnant rock structure. (USDA, 2006). Cieneba coarse sandy loam was used to parameterize this scenario (USDA 2005).
The Met station chosen was the San Diego station (23188.dvf) located at 32º 44' N, 117º 10' W and at an elevation of approximately 4 meters above sea level. This station receives an average of approximately 25.2 cm of rainfall annually. The station is the closest available station to this scenario with data necessary for PRZM.
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Table 1. PRZM 3.12 Climate and Time Parameters for San Diego, California – Avocado. |
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|
Parameter |
Value |
Source/Comments |
|
Starting Date |
Jan. 1, 1961 |
Meteorological File from San Diego County, (W 23188) |
|
Ending Date |
Dec. 31, 1990 |
Meteorological File from San Diego County, (W 23188) |
|
Pan Evaporation Factor (PFAC) |
0.70 |
PRZM Manual Figure 5.1. Value represents San Diego region. |
|
Snowmelt Factor (SFAC) |
0 |
In areas where climatology prevents snow fall, SFAC should be set to 0.0 - PRZM Manual (EPA 1998) |
|
Minimum Depth of Evaporation (ANETD) |
32.5 cm |
PRZM Manual (EPA 1998) Average of 30-35 cm |
|
Table 2. PRZM 3.12 Erosion and Landscape Parameters for San Diego, California – Avocado. |
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|
Parameter |
Value |
Source/Comments |
|
Method to Calculate Erosion (ERFLAG) |
4 (MUSS) |
PRZM Manual (EPA, 1998) |
|
USLE K Factor (USLEK) |
0.24 |
USDA NRCS Soil Data Mart (http://soildatamart.nrcs.usda.gov/)
|
|
USLE LS Factor (USLELS) |
3.63 |
PRZM Manual (EPA, 1998) LS value for 12% slope and 400' slope length; LS equation (Haan and Barfield, 1978) |
|
USLE P Factor (USLEP) |
1.0 |
Set to 1 for orchards (EPA, 2004) |
|
Field Area (AFIELD) |
172 ha |
Area of Shipman Reservoir watershed (EPA, 1999) |
|
NRCS Hyetograph (IREG) |
1 |
PRZM Manual Figure 5.12 (EPA, 1998) Type I, IREG=1 |
|
Slope (SLP) |
12 % |
Slopes for Cieneba coarse sandy loam exceed 12%. Set to 12% as per PRZM scenario guidance (EPA, 2004). Some data indicate slopes as high as 16% (Oster and Arpaia 2006) |
|
Hydraulic Length (HL) |
600 m |
Shipman Reservoir (EPA, 1999) |
|
Irrigation Flag (IRFLAG) |
1 |
Year round irrigation. EPA, 2005 |
|
Irrigation Type (IRTYP) |
4 (drip) |
Irrigation Guidance for developing PRZM Scenarios, Table 3; (EPA 2005). |
|
Leaching Factor (FLEACH) |
0.0 |
Set to 0 as per Irrigation Guidance for developing PRZM Scenarios, Table 3; (June 15, 2005). |
|
Fraction of Water Capacity when Irrigation is Applied (PCDEPL) |
0.5 |
Set to default as per Irrigation Guidance for developing PRZM Scenarios, Table 3; (EPA 2005). |
|
Maximum Rate at which Irrigation is Applied (RATEAP) |
0.056 cm hr-1 |
Irrigation Guidance for developing PRZM Scenarios, Table 1; (June 15, 2005). For CN = 79 and f = 0 |
|
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Table 3. PRZM 3.12 Crop Parameters for San Diego, California – Avocado. |
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|
Parameter |
Value |
Source/Comments |
|
Initial Crop (INICRP) |
1 |
Set to one for all crops (EPA, 2004). |
|
Initial Surface Condition (ISCOND) |
3 |
Orchard residues are left behind between rows, under trees are cleared to reduce disease. Consistent with the FL avocado scenario and other orchard type scenarios. |
|
Number of Different Crops (NDC) |
1 |
Set to number of crops in simulation. |
|
Number of Cropping Periods (NCPDS) |
30 |
Set to weather data in meteorological file: San Diego, CA (W23188). |
|
Maximum rainfall interception storage of crop (CINTCP) |
0.25 |
Recommended value for orchards (EPA, 2004). |
|
Maximum Active Root Depth (AMXDR) |
25 cm |
Set to horizon depth. Most of the roots for Haas avocados grown in an orchard with Cieneba soil type were located above 15 cm (Oster and Arpaia 2006) |
|
Maximum Canopy Coverage (COVMAX) |
70 |
Taken from FL avocados scenario |
|
Soil Surface Condition After Harvest (ICNAH) |
3 |
Plant residues are left behind. Consistent with the FL avocado scenario and other orchard type scenarios. |
|
Date of Crop Emergence (EMD, EMM, IYREM) |
01/01 |
Values are set to keep E/T and canopy coverage terms working correctly for this evergreen scenario. |
|
Date of Crop Maturity (MAD, MAM, IYRMAT) |
02/01 |
Values are set to keep E/T and canopy coverage terms working correctly for this evergreen scenario. |
|
Date of Crop Harvest (HAD, HAM, IYRHAR) |
31/12 |
Values are set to keep E/T and canopy coverage terms working correctly for this evergreen scenario. |
|
Maximum Dry Weight (WFMAX) |
0.0 |
Not used in scenario |
|
Maximum CropHeight (HTMAX) |
914 |
Avocado trees typically grow to 20-40 feet California Avocado Commission |
|
SCS Curve Number (CN) |
84, 79, 82 |
Gleams Manual Table H-4; meadows; hydrological group C (USDA, 1990) |
|
Manning's N Value (MNGN) |
0.023 |
RUSLE Project; C25CFCFN for California citrus with full cover (USDA, 2000). |
|
USLE C Factor (USLEC) |
0.040 - 0.062 |
RUSLE Project; C25CFCFN for California citrus with full cover (USDA, 2000). |
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Table 4. PRZM 3.12 Cieneba Soil Parameters for San Diego, California – Avocado. |
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|
Parameter |
Value |
Source/Comments |
|
Total Soil Depth (CORED) |
25 cm |
NRCS Soil Data Mart (SDM) (http://soildatamart.nrcs.usda.gov) |
|
Number of Horizons (NHORIZ) |
2 |
NRCS Soil Data Mart (SDM) (http://soildatamart.nrcs.usda.gov). The third horizon from SDM was excluded because it is bedrock. |
|
Horizon Thickness (THKNS) |
10 cm (HORIZN = 1) 15 cm (HORIZN = 2)
|
NRCS Soil Data Mart (SDM) (http://soildatamart.nrcs.usda.gov). |
|
Bulk Density (BD) |
1.55 g/cm3 (HORIZN = 1) 1.55 g/cm3 (HORIZN = 2)
|
NRCS Soil Data Mart (SDM) (http://soildatamart.nrcs.usda.gov). Midpoint of the reported range. PRZM Scenario Guidance (EPA, 2004). |
|
Initial Water Content (THETO) |
0.168 cm3/cm3 (HORIZN =1) 0.168 cm3/cm3 (HORIZN =2)
|
NRCS Soil Data Mart (SDM); values are mean 1/3-bar water contents of Cieneba coarse sandy loam soils. |
|
Compartment Thickness (DPN) |
0.1 cm (HORIZN = 1) 5 cm (HORIZN = 2)
|
NRCS Soil Data Mart (SDM) (http://soildatamart.nrcs.usda.gov). PRZM Scenario Guidance (EPA, 2004). |
|
Field Capacity (THEFC) |
0.168 cm3/cm3 (HORIZN =1) 0.168 cm3/cm3 (HORIZN =2) |
NRCS Soil Data Mart (SDM); values are mean 1/3-bar water contents of Cieneba coarse sandy loam soils. |
|
Wilting Point (THEWP) |
0.08 cm3/cm3 (HORIZN =1) 0.08 cm3/cm3 (HORIZN =2) |
NRCS Soil Data Mart (SDM); values are mean 15-bar water contents of Cieneba coarse sandy loam soils. |
|
Organic Carbon Content (OC) |
0.44% (HORIZN = 1) 0.44% (HORIZN = 2)
|
NRCS SDM; values for horizons 1 to 3 = mean %OM / 1.724. PRZM Scenario Guidance (EPA, 2004). |
Figure 1. 2002 harvested acres for avocados based on USDA Census of Agriculture for California and conterminous United States (inset) Estimates do not include data for individual farms which NASS has excluded to protect the identify of individual farms.
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Table 5. Avocado Bearing Soils of San Diego, Santa Barbara, and Ventura Counties (California) Ranked by Area. |
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|
Soil |
Total Acreage |
% Area |
Drainage |
Avocados-IrrYield (boxes) |
Erodibility |
Slopes (%) |
pH |
OM (%) |
% Sand |
% Silt |
% Clay |
Avocados-NIrrYield (boxes) |
|
332,986 |
37.12% |
C |
250-400 |
0.24-0.32 |
9-75 |
5.8-6.5 |
0.75 |
67.9-68.5 |
19-19.6 |
12.5 |
- |
|
|
74,863 |
8.35% |
B |
500-615 |
0.28-0.32 |
15-65 |
6.7 |
0.75 |
65.4-66.8 |
22.2-23.6 |
11 |
- |
|
|
62,334 |
6.95% |
D |
250 |
0.28-0.55 |
5-75 |
6.3-7.6 |
0.75 |
66.1-66.8 |
19.2-19.9 |
14 |
- |
|
|
57,147 |
6.37% |
-- |
375 |
- |
9-75 |
- |
0 |
- |
- |
- |
- |
|
|
49,991 |
5.57% |
D |
200 |
0.28 |
15-75 |
5.3-5.8 |
0.75-1.5 |
43-68.8 |
16.2-39.5 |
15-17.5 |
- |
|
|
38,078 |
4.25% |
A |
325-825 |
0.17-0.28 |
5-75 |
5.6-6.7 |
0.75 |
78.5-96 |
1.5-16.5 |
2.5-5 |
- |
|
|
34,528 |
3.85% |
B |
1000 |
0.17-0.28 |
0-9 |
8.2 |
3 |
18.1-68.8 |
16.2-50.9 |
15-31 |
- |
|
|
34,451 |
3.84% |
D |
150 |
0.2 |
30-70 |
6.3 |
1.5 |
66.1 |
19.9 |
14 |
- |
|
|
26,767 |
2.98% |
C |
250 |
0.2-0.32 |
30-75 |
8.2 |
2-3.5 |
18.1-35.4 |
33.6-50.9 |
31 |
- |
|
|
25,075 |
2.80% |
B |
300 |
0.17-0.2 |
9-50 |
7.2-7.6 |
2.5 |
35.4 |
33.6 |
31 |
- |
|
|
21,924 |
2.44% |
A |
300-330 |
0.15-0.28 |
0-15 |
5.8-6.7 |
0.75 |
80.5-96 |
1.5-17 |
2.5 |
- |
|
|
21,084 |
2.35% |
C |
250 |
0.17-0.28 |
30-50 |
6.1-6.1 |
2.5-3 |
35.4 |
33.6 |
31 |
- |
|
|
18,581 |
2.07% |
B |
400 |
0.2-0.28 |
0-15 |
6.5 |
3-4 |
34.2-41.6 |
33.6-37.4 |
21-31 |
- |
|
|
11,550 |
1.29% |
C |
325-1000 |
0.28-0.32 |
9-50 |
8.2 |
2-3 |
18.1 |
50.9 |
31 |
- |
|
|
10,936 |
1.22% |
B |
325-350 |
0.24-0.28 |
9-45 |
5.8-6.5 |
2.5 |
70.5 |
16.5 |
13 |
- |
|
|
10,843 |
1.21% |
B |
450-470 |
0.24 |
0-9 |
5.8 |
0.75 |
96 |
1.5 |
2.5 |
- |
|
|
9,622 |
1.07% |
B |
400 |
0.2 |
0-9 |
8.2 |
2.5 |
65.1 |
18.9 |
16 |
- |
|
|
9,036 |
1.01% |
B |
800-900 |
0.28 |
0-15 |
5.6-6.1 |
2 |
68.8 |
16.2 |
15 |
- |
|
|
8,355 |
0.93% |
B |
900 |
0.28 |
0-9 |
7.2 |
2 |
67.9 |
19.6 |
12.5 |
- |
|
|
6,803 |
0.76% |
D |
200 |
0.2 |
30-75 |
7.7-8.2 |
2 |
26.1 |
28.9 |
45 |
- |
|
|
6,670 |
0.74% |
D |
250-900 |
0.24 |
9-50 |
6.3 |
3 |
35.4 |
33.6 |
31 |
- |
|
|
5,652 |
0.63% |
B |
1000 |
0.24-0.28 |
0-9 |
7.2-7.5 |
3 |
45.4-70.5 |
16.5-41.6 |
13 |
- |
|
|
4,520 |
0.50% |
-- |
375 |
- |
15-50 |
- |
0 |
- |
- |
- |
- |
|
|
3,626 |
0.40% |
D |
300 |
0.37 |
15-50 |
6.1-6.7 |
1.5 |
68.8 |
16.2 |
15 |
- |
|
|
2,658 |
0.30% |
C |
250 |
0.24-0.43 |
0-2 |
8.2 |
2.5 |
18.1-66.8 |
19.2-50.9 |
14-31 |
- |
|
|
2,458 |
0.27% |
D |
200 |
0.2-0.24 |
30-50 |
7.3-7.5 |
2.5 |
22.1-23.3 |
27.9-29.2 |
47.5-50 |
- |
|
|
1,254 |
0.14% |
B |
325 |
0.28 |
2-9 |
6.1 |
1.5 |
68.8 |
16.2 |
15 |
- |
|
|
1,177 |
0.13% |
B |
325 |
0.28 |
9-15 |
6.7 |
0.75 |
67.2 |
15.3 |
17.5 |
- |
|
|
1,039 |
0.12% |
B |
375 |
- |
50-75 |
- |
- |
- |
- |
- |
- |
|
|
903 |
0.10% |
C |
500 |
0.32 |
0-2 |
8.2 |
2.5 |
68.1 |
14.4 |
17.5 |
- |
|
|
808 |
0.09% |
B |
1000 |
0.15-0.17 |
2-15 |
5.8 |
2.5 |
18.1-35.4 |
33.6-50.9 |
31 |
- |
|
|
629 |
0.07% |
-- |
375 |
- |
75-99 |
- |
- |
- |
- |
- |
- |
|
|
616 |
0.07% |
D |
300 |
0.37 |
30-50 |
5.8 |
1.5 |
67.5 |
21 |
11.5 |
- |
|
Works Cited
EPA. 1998. Carsel, R.F., J.C. Imhoff, P.R. Hummel, J.M. Cheplick, and A.S. Donigian, Jr. PRZM-3, A Model for Predicting Pesticide and Nitrogen Fate in the Crop Root and Unsaturated Soil Zones: Users Manual for Release 3.0. National Exposure Research Laboratory, Office of Research and Development, U.S. Environmental Protection Agency, Athens, GA.
EPA. 1999. Jones, R.D., J. Breithaupt, J. Carleton, L. Libelo, J. Lin, R. Matzner, and R. Parker. Guidance for Use of the Index Reservoir in Drinking Water Exposure Assessments. Environmental Fate and Effects Division, Office of Pesticide Programs, U.S. Environmental Protection Agency, Washington, DC.
EPA. 2004. Abel, S.A. Procedure for Conducting Quality Assurance and Quality Control of Existing and New PRZM Field and Orchard Crop Standard Scenarios. Environmental Fate and Effects Division, Office of Pesticide Programs, U.S. Environmental Protection Agency, Washington, DC.
EPA. 2005. Irrigation Guidance for developing PRZM Scenarios. June 15, 2005.
Oster JD, Arpaia ML. 2006. Effects of salinity and applied water on yields of 'Hass' avocado on Mexican seedling rootstock. Seminario: Manejo del riego y suelo en el cultivo del palto. 27-28 de Septiembre de 2006. 14 pages.
USDA. 1990. Davis, F.M., R.A. Leonard, W.G. Knisel. GLEAMS User Manual, Version 1.8.55. U.S. Department of Agriculture, Agricultural Research Service (ARS), Southeast Watershed Research Laboratory, Tifton, GA. SEWRL-030190FMD.
USDA. 1999a. Crop Profile for Avocados in California. U.S. Department of Agriculture, Pest Management Centers. July 1999. Online at: http://www.ipmcenters.org/cropprofiles/caavocados.html
USDA. 1999b. Official Series Description – CIENEBA Series. U.S. Department of Agriculture, Natural Resources Conservation Service (NRCS). May 1999. Online at: http://ortho.ftw.nrcs.usda.gov/osd/dat/C/CIENEBA.html.
USDA. 2000. Revised Universal Soil Loss Equation (RUSLE) EPA Pesticide Project. U.S. Department of Agriculture, National Resources Conservation Service (NRCS) and Agricultural Research Service (ARS).
USDA. 2002. 2002 Census of Agriculture. U.S. Department of Agriculture, National Agricultural Statistics Service (NASS). Online at: http://www.nass.usda.gov/census/census02/preliminary/2002censusdates.htm.
USDA. 2006. Soil Survey Areas of San Diego, Santa Barbara, and Ventura Counties. U.S. Department of Agriculture, Natural Resources Conservation Service (NRCS), Soil Data Mart. March 1, 2006. Online at: http://soildatamart.nrcs.usda.gov.
On Thursday, September 28, 2023, the national average 30-year fixed mortgage APR is 7.84%. The national average 30-year fixed refinance APR is 8.00%, according to Bankrate's latest survey of the nation's largest mortgage lenders.
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| Lender | Rate | APR | Mo. payment | as of September 28, 2023 |
|---|---|---|---|---|
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$2,305 |
Next | |
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6.605% 30 year fixed refinance |
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$2,300 |
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6.875% 30 year fixed refinance |
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7.375% 30 year fixed refinance |
7.373% |
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San Diego County Credit Union |
7.125% 30 year fixed refinance |
7.137% |
$2,425 |
|
C.A.R. releases its 2024 California Housing Market Forecast
California housing market will rebound in 2024 as mortgage rates ebb.
LOS ANGELES (Sept. 20) – Slower economic growth and cooling inflation will bring down mortgage interest rates in 2024 and create a more favorable market environment to spur California home sales next year, according to a housing and economic forecast released today by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
The baseline scenario of C.A.R.'s "2024 California Housing Market Forecast" sees an increase in existing single-family home sales of 22.9 percent next year to reach 327,100 units, up from the projected 2023 sales figure of 266,200. The 2023 figure is 22.2 percent lower compared with the pace of 342,000 homes sold in 2022.
The California median home price is forecast to rise 6.2 percent to $860,300 in 2024, following a projected 1.5 percent dip to $810,000 in 2023 from $822,300 in 2022. A persistent housing shortage and a competitive housing market will continue to put upward pressure on home prices next year.
"2024 will be a better year for the California housing market for both buyers and sellers as mortgage interest rates are expected to decline next year," said C.A.R. President Jennifer Branchini, a Bay Area REALTOR®. "A more favorable market environment with lower borrowing costs, coupled with an increase in available homes for sale, will motivate buyers and sellers to reenter the market next year. First-time buyers who were squeezed out by the highly competitive market in the last couple of years will try to attain their American dream next year. Repeat buyers who have overcome the "lock-in effect" will also return to the market as mortgage rates begin to trend down."
C.A.R.'s 2024 forecast predicts the U.S. gross domestic product to edge up 0.7 percent in 2024, after a projected uptick of 1.7 percent in 2023. With California's 2024 nonfarm job growth rate at 0.5 percent, up from a projected increase of 1.4 percent in 2023, the state's unemployment rate will increase to 5.0 percent in 2024 from 2023's projected rate of 4.6 percent.
Inflation will continue its gradual decline over the next 18 months, with the CPI registering 2.6% in 2024, down from 3.9% in 2023. As such, the average 30-year, fixed mortgage interest rate will decline from 6.7 percent in 2023 but remain elevated at 6.0 percent in 2024. While next year's projected average for the 30-year fixed mortgage interest rate will still be higher than the levels observed in the few years prior to the pandemic, it will be lower than the long-run average of nearly 8% in the past 50 years.
Housing supply in 2024 will remain below the norm despite a projected increase in active listings of between 10 percent to 20 percent, as market conditions and the lending environment continue to improve.
"With the economy expected to soften in 2024, the Federal Reserve Bank will begin loosening its monetary policy next year. Mortgage rates will trend down throughout 2024, and the average 30-year fixed rate mortgage could reach the mid-5% range by the end of next year," said C.A.R. Senior Vice President and Chief Economist Jordan Levine. "Buyers will have more financial flexibility to purchase homes at higher prices, which could generate increased housing demand and result in more upward pressure on home prices.
2024 CALIFORNIA HOUSING FORECAST
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2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023p |
2024f |
|
|
SFH Resales (000s) |
424.9 |
402.6 |
398 |
411.9 |
444.5 |
342 |
266.2 |
327.1 |
|
% Change |
1.7% |
-5.2% |
-1.2% |
3.5% |
7.9% |
-23.1% |
-22.2% |
22.9% |
|
Median Price ($000s) |
$537.9 |
$569.5 |
$592.4 |
$659.4 |
$786.8 |
$822.3 |
$810.0 |
$860.3 |
|
% Change |
7.1% |
5.9% |
4.0% |
11.3% |
19.3% |
4.5% |
-1.5% |
6.2% |
|
Housing Affordability Index* |
29% |
28% |
31% |
32% |
26% |
19% |
17% |
17% |
|
30-Yr FRM |
4.0% |
4.5% |
3.9% |
3.1% |
3.0% |
5.3% |
6.7% |
6.0% |
p = projected
f = forecast
* = % of households who can afford median-priced home
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