economists from the UCLA Anderson School of Management said on Monday to expect a sluggish national economy in 2008 and California’s job growth will be less than 1% through the third quarter of next year, and less than 2% through the end of 2009. Unemployment is expected to peak at 6% by the end of 2008.
Expect to see home prices fall by nearly 15%, and for sales to remain slow until at least 2009. On the upside, defaults could show signs of slowing later next year.
October 29, 2007
Posted by lamps |
California, real estate | defaults, foreclsoures, home prices, homes, listings, orange county, property, real estate, realty |
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