Finance Bulletin

December 2004

Economic Update

California's real estate markets have evened out in recent months.  The red-hot price gains achieved early in the year have given way to relative stability.  The state's median home price appears to have reached a plateau around $465,000.  The pace of home sales remains strong but has also leveled off.  Both developments will be welcome news for the state's home affordability.

Home Prices & Sales Flatten Out

Monthly Cash Report

Preliminary General Fund agency cash for November was $30 million below the 2004 Budget Act forecast of $5.463 billion.  Year-to-date, revenues are $1.045 billion above expectations.  .

General Fund Agency Cash
 2004-05 Budget Act Forecast

 2004-05 Comparison of Actual and Forecast 
Agency General Fund Revenues

For more information, please contact the California Department of Finance,
Room 1145, State Capitol, Sacramento, CA or call (916) 323-0648.

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