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 [...]
The California Home Buying Debate: Southern California Home Sales Broken out in Price Tier Ranges. The Amount of California Home you can Afford is Probably Less Than you Expect.
For many prudent prospective home buyers, many who have saved diligently for years, many are licking their chops to purchase a home in California. But let us be honest, most are looking to purchase in selective markets like Marin County or parts of the Westside here in Southern California. They hear about the 50 percent [...]
California Total General Fund down $237 Million in August. Recent Estimates Put State in Deficit of $8 Billion for Next Year.
It only took a few weeks for California to miss its budget estimates again. The California State Controller’s Office released data for August receipts last week and the state is already under by $237 million from the recently revised budget figures. Keep in mind that the recent budget figures were completed in the midst of [...]