Hey Californians, your housing market is likely to cool off come 2020

It’s no secret that California’s economy is large – so large that its $2.7 trillion financial system ranks fifth in the world, championing the United States’ national economy. But as the U.S. continues to grapple with an oncoming economic slowdown, the UCLA Anderson Forecast signals several economic factors that are likely to weaken California’s booming housing market within the next year.