LOS ANGELES - (INT) - The national economy remains strong with real GDP growth approximating 3% this year. However, in a preview of its June economic outlook, the UCLA Anderson forecast predicts a tightening labor market accompanied by rising inflation and higher interest rates will cause growth to slow in 2019 and 2020.

Further increased trade tensions combined with trillion dollar deficits will add to economic uncertainty as the decade ends.

In residential real estate, although prices have more than recovered from their previous peaks over a decade ago, housing activity as measured by starts and existing home sales has not.

Story Date: June 26, 2018