Home Demand Outruns Supply

Something we Californians are all too familiar with, the lack of available homes.
The California Building Industry reported in January that the denmand for homes will continue to outpace the supply.

Alan Nevin, the associations chief economist and forecast author is quoted in the Los Angeles Daily News business section on Thursday January 5, 2006 stating that our market here still remains strong and that some areas will see a return to a normal pace instead of the fast and frenzied pace our real estate market has experienced the last few years. Alan Nevin is also quoted as saying price increases for new homes should average between 5 and 8 percent across the state.