California's housing market sees mixed recovery
Posted on November 19, 2012 at 18:01 PM EST
California is experiencing what experts are calling a uneven recovery in the housing market, resulting from the familiar narrative of the strong growth in coastal areas while inland markets continue to struggle with foreclosures. In a recent report, Jerry Nickelsburg, adjunct professor and senior economist at University of California, Los Angeles, Anderson School of Management, argues that a number of factors are affecting housing markets across the state, but the major ones are foreclosure levels…