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
Millennials Want to Own Homes Too, If U.S. Economy Would Consent
Kelsey Marshall and her boyfriend Chris Eidam, both 27 years old, call the home-buying process “terrifying.” But they’re clear about one thing: It beats the heck out of renting.
Uptick in First-Time Homebuyer Activity
With a number of factors contributing – low mortgage rates, improving economy, easing credit requirements, slowing price appreciation, higher rents – it appears that first-time homebuyers are moving off the
Mortgage Credit Likely to Expand
Recent announcements from government agencies involved in the mortgage industry indicate that mortgage credit is likely to expand soon. Among other imminent changes are lower down payment requirements which would