Foreclosures Lead to Gloomy UCLA Forecast

UCLA released the latest UCLA Anderson Economic Forecast today and ‘Gasp’ it shows that we are in danger of slipping into a recession. They are also expecting home prices to continue sliding. This is not a surprise for any of our investors - NCREI has been urging investors to prepare for the inevitable for the last few years. I sold my personal residence about 18 months ago to a zero down buyer - it is now in foreclosure, and priced about $100k less than I sold it for - and I can tell you I was desperate at the time to sell, because I knew what was coming.

Read More
Skip to content