In a recent issue we bashed Zillow for inaccurate prices in the Lake Arrowhead market. Worth quoting is Zillow’s Chief Economist Dr. Stan Humphries, who is consistently among the best of the real estate economy forecasters.
“The rate of appreciation is expected to continue to slow. Home values are forecasted to grow at 3%, roughly half their current pace, through the end of the third quarter of 2015″ according the Humphries Zillow Home Value Forecast. This is a near match to the 3.5% growth in 2015 forecast by California Association of Realtor Chief Economist Leslie Appleton Young.
SO HOW DOES THE PUBLIC FEEL? OPTIMISTIC!
Selling one home at a time; upbeat buyer, upbeat seller