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.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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