Of most concern to us:
Metro area ——————————Rank-Qtr–1yr–5yr
Los Angeles-Long Beach-Glendale, CA–206 -0.53 -0.07 107.86
Santa Ana-Anaheim-Irvine, CA———-249 -1.89 -3.49 86.09
San Diego-Carlsbad-San Marcos, CA—-262 -1.85 -5.07 61.75
Riverside-San Bernardino-Ontario, CA–240 -2.25 -2.37 107.8
LA and Riverside still have over 100% appreciation rates in 5 years. Still some damage to come for sure.
Not that it changes what’s happening, but the use of “metro area” seems odd. In LA they use “LA, Long Beach, Glendale” as one area. That encompasses at least 7 areas codes (213, 323, 661, 626, 310, 818, and 562 are all I can think of) probably 10x as many zip codes, and maybe 10 million people, where Wausau, WI has less than 50,000 people, and probably one Zip code.
