Economists forecast a 'Goldilocks' housing market (with a few caveats)

Changing buyer attitudes and rising interest rates will have to be factored into the equation
  • The economy is doing well, and the housing market will follow suit, says economist John Burns.
  • But Pacific Union Chief Economist Selma Hepp expects increased interest rates to have a big impact on the buyer pool for sellers.
  • Generational labels including "millennial" and "baby boomer" can be too broad to accurately pinpoint buyer needs.

Pacific Union International painted a reassuring picture of the economy for the next three years at the company’s annual Real Estate Economic Forecast: Bay Area to 2019.