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
Luxury Home Sales in U.S. Continue to Rise
Sales of luxury homes in most parts of the U.S. have continued to increase over the last year, according to an analysis of more than 40 high-end counties in 16 states, despite concerns from some analysts about a slowdown.
Conforming Loan Limits Continue to Impede Housing Recovery
The availability, or lack thereof, of mortgage financing has been one of the biggest factors impacting the pace of the housing market recovery. Loan limits on federally-backed mortgages have not