Post Profile






‘The new normal’ according to C.A.R.’s chief economist

"This is the new normal," said California Association of Realtors vice president and chief economist Leslie Appleton-Young as she presented the association's 2017 housing market forecast today. According to the forecast, 2016 existing-home sales were strong at the beginning of the year but quickly slowed due to tight inventory and skyrocketing median existing-home sales prices, which blew past the last cyclical price peaks by as many as 38.
read more

share

Related Posts


The NAR Sees "No Housing Bubble", So Here Is A Look At NAR's History Of Absolutely Disastrous Forecasts

Business & Finance : Zero Hedge

When it comes to industry associations such as the homebuilders' National Association of Realtors, one thing is certain: their chief economists, in this case the always wrong Lawrence "Larry" Yun, never see anything but blue skies a...

Foreclosure bubble could last 5 more years

Real Estate / Local Market : OCRegister Real Estate

It will take three to five years for the California housing market to clear its backlog of defaulting homes that continue to be a drag on housing prices, the chief economist of the California Association of Realtors has said during ...

Slump to last 3 to 5 more years

Real Estate / Local Market : OCRegister Real Estate

The chief economist of the California Association of Realtors said today that it’s going to take three to five more years until the state’s housing market gets back to normal. Speaking to reporters after releasing her 2011 housing m...

Calif. homes as affordable as ever

Real Estate / Local Market : OCRegister Real Estate

Leslie Appleton-Young, the chief economist for the California Association of Realtors, has forecast that California home prices will rise by 13.5% by 2012, but that sales will drop 10% this year and only rise 2% in 2011. In an inter...

Housing market may not recover until 2017

Real Estate / Local Market : OCRegister Real Estate

Leslie Appleton-Young, chief economist for the California Association of Realtors, recently issued her 2013 housing market forecast predicting that both home prices and sales will see modest increases next year. While the overall ho...

Comments


Copyright © 2016 Regator, LLC