How Much California Inventory? 3.9 Months from Public Data. A drop from 6 Months at the Start of the year and down from 16 Months Reached in Early 2008. Yet Distress Properties are still a Big Part of the Market.
According to recent data from the California Association of Realtors, there is only 3.9 months of unsold inventory on the market. This is actually low. For many that don’t follow the housing market a healthy amount of inventory hovers around 5 to 6 months. 3.9 months is well below that. In early 2008 when few [...]
Unemployed and Housing: Keeping the Unemployed in Their Home. What about Renters? Subsidizing Housing Causes Further Pain.
As the housing crisis deepens, there seems to be at least some sense of growing stability in the financial markets. How real and sustainable this is will be a question answered in the next few months. Yet on the ground the unemployment situation is now having dire consequences on people who took out traditional prime [...]
The Volatile California Housing Market – 10 Reasons why there will be no Recovery in 2010. The Seamless Short Sale and Renting back in Vogue.
The California housing bubble will go down in history books right along the Florida real estate bubble of the 1920s where speculators flipped swampland contracts over a nice lunch. The unique aspect of the California housing bubble is that it engulfed the entire nation and to a large degree, other cities in the world. This [...]