3 signs of sunshine for California real estate

Multiple offers, low inventory for some property types bodes well for recovery

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On Sept. 21, Leslie Appleton-Young, vice president and chief economist for the California Association of Realtors, spoke to a packed house about her latest economic forecast.

There’s no shortage of bad news in Appleton-Young’s forecast; however, there are some definite rays of sunshine that indicate the dreadful market that California and the rest of the country have been experiencing may be on the upswing.