The document summarizes California's housing market outlook for 2008-2014. It shows that after declining until 2011, home sales and median home prices in California increased in 2012-2013 and are projected to continue rising in 2014. Mortgage interest rates have also trended downward since 2008 and are expected to remain low. Overall the data indicates the California housing market has recovered from the recession and conditions will continue improving in the coming year.