September 28, 2022
Loading...
You are here:  Home  >  Current Article

Home market recovery to be sharp, fast

IN THIS ARTICLE

According to one Central Coast expert, it won’t be too long before the region sees a fast and sharp recovery of the residential market.

At the First American Title 2008 Real Estate and Economic Outlook for Ventura County, or FATCO, presented Sept. 4 at the Hyatt Westlake Village, a crowd of several hundred waited for a panel of economic experts to glean some sign of hope for the struggling economy.

Mark Schniepp, director of the California Economic Forecast based in Goleta, said that unlike his previous prediction that the area housing market would suffer a slow and steady decline, the proceeding credit market crisis has caused the cycle to become