This Forecast isn’t Pretty for Southern California Home Prices
OCRegister
While many housing forecasts call for moderate price gains in 2017, an outlook from Clear Capital may be one of the most circumspect on the prospects for Southern California real estate. Analysts at the Truckee-based research firm say national home-price appreciation will slow to 2.4 percent this year vs. gains of 5.8 percent in 2016. Just one of the 50 largest metro areas is forecast by Clear Capital to have rising appreciation in 2017: Milwaukee, and that’s with a gain of 1 percentage point to 7.1 percent.
About author
You might also like
Home Ownership Wanes in California
Our state’s housing crisis increases homelessness, costs people jobs and lengthens commutes, all serious problems. On the most basic level, though, what the shortage of affordable housing does is deny
More Mixed Signals
While the NAHB came out with a strong homebuilder sentiment reading in its latest report, March housing starts and building permits came in at figures lower than consensus estimates. Starts
Easing Mortgage Standards
Mortgage standards appear to be loosening in what will be a critical factor in aiding the housing recovery. After a period of tight standards in the wake of the housing
