STATE : Extended Housing Slump Seen
From Times Staff and Wire Service Reports
The slumping market for single-family houses in California will continue its slide through 1991, dropping another 14.9% from 1990’s depressed level, a trade group predicted today.
The market “will be affected by a slowing state economy and a continuation of this year’s pessimistic market psychology,” said Leslie Appleton-Young, vice president for research and economics for the California Assn. of Realtors.
