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.

Read More

Previous City of Industry Offers $100 million for Tres Hermanos Ranch
Next RC Hobbs Gets Financing for 33-Home Community

About author

Michael Anderson
Michael Anderson 244 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.

View all posts by this author →

You might also like

Housing Market

Where Are Residents in Los Angeles and Orange Counties Buying Homes?

In the last blog on recent trends in homebuyer mobility we found that high housing prices in two Northern California counties (San Francisco and Alameda) had been a principal cause

Housing Market

A New Generation of Young Home Buyers is Tiptoeing into the Market

Newly married and in their mid-20s, San Clemente residents Josh and Kayleigh Hyink were ready for the next step in their “master plan.”

Housing Market

Orange County Homebuilding Soared in 2016

By Jeff Collins Homebuilding and new home sales soared in Orange County last year, driven by job growth, rising demand and an abundant supply of new home projects to choose