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CA Housing Market Gives ‘No Real Recovery Indication’

LOS ANGELES-Despite the sluggishness, according to UCLA Anderson Forecast’s June 2012 Economic Outlook, data does indicate that the the local market will grow more rapidly than the nation’s in 2013 and 2014.

By Natalie Dolce | Updated on June 20, 2012

(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

LOS ANGELES-“While there is some data giving rise to optimism, there is no real indication that the housing market is on the cusp of a recovery.” So says senior economist Jerry Nickelsburg in a forecast presentation that was held Wednesday morning at UCLA to review the Anderson School’s June 2012 Economic Outlook. For California, the housing verdict is that slow and steady gains are anticipated throughout 2012.

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