9/28/2005

Another 2006 Forecast for So. Calif.

The Anderson Forecast (UCLA) has released today its latest picture of the local economy and real estate, and as elsewhere, it sees a slowing in market pricing, interpreted by some as the dreaded bubble. According to the Daily Bulletin, "It will happen with time and result in smaller rates of appreciation. But it probably won't be a repeat of the early 1990s, when the local economy took a blow from falling real estate prices and widespread job losses," and "The economists say that the real estate bubble won't deflate with the kind of whoosh that comes with a popping stock market bubble in which equity values suddenly plunge." The Forecast is not online as of this post, but click here for an article about it.

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