The Southern California housing market is doing fine. However,relative to housing activity in the rest of the country, SouthernCalifornia is proving to be the weaker region. IvyZelman, CEO, Zelman & Associates,spoke on the topic at the UCLA Anderson ForecastJune 2020 Economic Outlook, hosted by both UCLA Anderson and theUCLA Ziman Center.

"It is a mixed bag," said Zelman when asked about the SouthernCalifornia housing market recovery. "Everything on a relative basisis weaker than other parts of the country. We are more concernedthat home prices will be more muted compared to other parts of thecountry," she said, adding that some parts of the country, likeFlorida, the Carolinas and Texas, are reporting strong pricingincreases and buying activity. "We couldn't talk about Californiain those terms."

Outside of California, the rest of the Western region is also amixed bag. Phoenix housing activity is strong, along with Coloradoand Utah. Nevada, and more specifically the Las Vegas market,however, is weaker on a relative basis, and more in line withSouthern California.