From the OC Register, we have Jeff Collins writing about Watts forecasts 7% gain in O.C. house prices.
Gary Watts, the Realtor-economist who forecast the downturn of the 1990s, then foresaw the housing boom just ended, believes prices will rise slightly in 2007.
Although his 2006 forecast was overly optimistic, Watts remains confident that local house prices this year will increase 7 percent and that condo prices will go up about 4 percent.
"This will be, I think, a pivotal year," Watts said in a telephone interview. "If the housing correction is behind us, we'll be in pretty good shape. We've weathered the worst."
I love this shit!
If a plane doesn't crash into my building, we'll be in pretty good shape.
If my car doesn't explode on the highway, we'll be in pretty good shape.
If an earthquake doesn't destroy California, we'll be in pretty good shape.
Anyone can make economic predictions! Amazing, isn't it?
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