Will California housing’s future be a crash, correction, cooling – or a climb? Some folks are antsy about potential price tumbles. . So my trusty spreadsheet looked at California home price history back to 1975 to see what might power the next move. The analysis eyeballed gyrations in a California price index from the Federal Housing Finance Agency against the average 30-year fixed rate mortgage from Freddie Mac and inflation as tallied by the Consumer Price Index. Plus, we gauged home-price changes vs. statewide unemployment rate and the total income of Californians, minus inflation, as a benchmark for the broad economy. This…
