California ranks 2nd-least predictable US housing market

Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.

Buzz: California is the second-least predictable housing market in the nation.

Source: My trusty spreadsheet created a home-price consistency scorecard using Federal Housing Finance Agency’s quarterly indexes tracking state performances over 47 years. This math looked at 12-month price changes since 1975 — the share of losing periods, volatility in price changes and state rankings, and average gains.

The trend

Only Connecticut ranked less predictable than California over the past 47 years. Then came Rhode Island, Hawaii and Vermont.

Most predictable? Kentucky, then North Carolina, South Carolina, Kansas and Nebraska.

As for California’s arch-rivals: Texas

→ Continue reading at Silicon Valley

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