Relevant:
- Is another California housing bubble possible?
- The Quest for Accurate Housing Prices: Three Counties and Multiple Prices
- Real Estate inventory is piling up - Dr. Housing Bubble
- Where did all the real estate inventory go? -- Orange County inventory down 29 percent over the last year and sales are up 25 percent. What is causing the current market dynamic in Orange County?
- Housing inventory disappears in California for the fall
2012-10-16 — doctorhousingbubble.com
Is it possible that California is having an echo housing bubble? The figures are pointing to another mania. Folks over bidding on homes by $100,000, inventory that is down over 50% in the last year, and people having a sense of desperation to buy. This is all psychological of course because when we look at the more important data of household incomes, no movement is present yet prices are up over 12 percent in the last year
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