California Housing Inventory Mystery: 206,000 Homes on MLS but is the Real Inventory 412,000 or closer to 618,000?
It is probably one of the least desirable tasks to undertake but if we are to understand the California housing market we need to look at the entire state current inventory level. Now having access to the MLS gives us a general sense of the overall number of homes on the market but it does [...]
401k Investing: Is the 401k a Relic of Past Investing Models? S&P 500 versus Certificate of Deposits.
Given the current investing climate, I think many people are questioning their investment strategy with the 401k. Many have been led to believe that stock markets will always return 7 to 10 percent on an annualized basis. Yet that is not the case. In fact, as of March of this year if an investor had [...]
California Housing Still Over Priced: Examining Case Shiller Data and Seasonal Distortions. The Impact of Shadow Inventory on Price.
One simple rule that every student of introductory economics understands is that a product that has more demand than supply will typically push the price up. The recent stabilization in housing prices has given the impression that the housing market is correcting on its own. Nothing can be further from the truth. There are three [...]