"The Southern California housing market is doing fine. However, relative to housing activity in the rest of the country, Southern California is proving to be the weaker region. Ivy Zelman, CEO, Zelman & Associates, spoke on the topic at the UCLA Anderson Forecast June 2020 Economic Outlook, hosted by both UCLA Anderson and the UCLA Ziman Center.
'It is a mixed bag,' said Zelman when asked about the Southern California housing market recovery. 'Everything on a relative basis is weaker than other parts of the country. We are more concerned that home prices will be more muted compared to other parts of the country,' she said, adding that some parts of the country, like Florida, the Carolinas and Texas, are reporting strong pricing increases and buying activity. 'We couldn’t talk about California in those terms.'"
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