Turbulence.
That is the one-word title for the latest U.S. economic forecast by David Shulman of the Anderson Forecast at the University of California, Los Angeles.
“This is not a recession, but it is certainly close,” Shulman writes in the forecast, released today. “If our forecast is close to the mark, the period from the second quarter [...]
Archive for June, 2007
UCLA Forecast says no recession, but ‘certainly close’
Posted in Real Estate News on June 19, 2007 | No Comments »
State Route 23 Project Closures (Hillcrest Dr. and Janns Rd.)
Posted in Uncategorized on June 7, 2007 | No Comments »
Caltrans will be shutting down parts of the 23 over the next few nights, plan your trips accordingly. Here are the dates and times:
Thursday, Night, June 7:
· 9 p.m. to 5 a.m. - Janss Road on- and off-ramps
· 10 p.m. to 5 a.m. - Janss Road at the SR-23 undercrossing
Friday, Night, June 8:
· 10 p.m. [...]
Affordability Low Despite Market Slowdown
Posted in Real Estate News, Real Estate Sales Data on June 6, 2007 | No Comments »
Affordability Low Despite Market Slowdown
- Robert Kleinhenz, Ph.D., Deputy Chief Economist, C.A.R.
California home sales continued to slow during the first quarter of the year, even as the statewide median price showed a slight gain. Seasonally adjusted annualized sales of existing detached homes fell to 443,080 units in the first quarter of 2007, down 1.3 [...]
National Assoc. of Realtors lowers ‘07 Forecast
Posted in Real Estate News on June 6, 2007 | No Comments »
The National Association of Realtors again lowered its forecast for 2007 existing-home sales today, following a downward adjustment last month, and also lowered expectations for home prices.
Existing-home sales are expected to fall 4.6 percent this year to 6.18 million, compared with 6.48 million in 2006, with new single-family home sales dropping [...]
