Home prices in Los Angeles and Orange County will barely budge higher in the second half of the year, according to a new forecast from property watchers at Clear Capital.
Prices in the LA-OC metro area will rise 0.4 percent in the last six months of the second half of 2015 — tied for 29th best among 50 top markets tracked. That small gain comes after LA-OC prices rose 8 percent in the previous 12 months ended in June, the 12th best performance in the Top 50.
It’s part of a broad slowdown seen for home-price gains. Clear Capital’s national home-price index is projected to rise 0.6 percent in the second half after a 5.2 percent gain in the past 12 months.