Earlier this year, I wrote about what would happen to the Los Angeles real estate market in 2016, so I feel it is only right to reflect on the expectations for, and the realities of, what happened this past year. Probably everyone can agree, 2016 was a tumultuous and unpredictable year in world events, politics, and pop culture. However, the 2016 Los Angeles real estate market did more or less what was expected.
So... what did we get right and what did we get wrong? Our grades for each prediction are below.
Prediction #1: Housing prices will stabilize
Grade : C for what was expected (but a B+ for the market!)
While economists did predict further improvements to the housing market, it was expected to slow down. In our 2016 predictions blog…