Los Angeles and California Are Cooling Quickly
Published Thursday, May 11, 2006 by Real Estate Pro | E-mail this postInman News reports on a cooling trend in California real estate: "There is no justification for the prices we're seeing now," Christopher Thornberg, chief economist at UCLA's Anderson School of Business, said when issuing the school's gloomy quarterly economic forecast last week. Thornberg predicts that the downturn now under way will cost the state a staggering 200,000 jobs in the real estate and construction industries alone.
Tagged: California
Los Angeles and California Are Cooling Quickly