INDUSTRY-BY-INDUSTRY OUTLOOK : The Year in Preview

California came several years late to the nation’s economic recovery party, but the state should be celebrating all through 1997.

Here is what key industries will be up to:

REAL ESTATE: California residential real estate should continue on the rebound with most parts of Southern California finally beginning to see some--albeit small--gains in home prices. But foreclosure sales will continue to depress prices in many neighborhoods.