Archive for June, 2014

Who needs a mortgage? Cash sales continue to dominate market while mortgage applications run near levels last seen in 2000. Housing starts remain weak and expectations for price increases run wild.

Industry with highest level of depression treatment? Real estate and intercity passenger transit. SoCal home sales continue to lag as spring and summer season fail to take off.

The showdown in housing: Inventory increasing in California as sellers drink the Kool-Aid of housing mania 2.0. $769,000 and you get one bathroom. Low volume and cooler heads starting to rationalize the biggest purchase of their lives.

Say hello to rising housing inventory in Southern California: Year-over-year inventory is up 26 percent in Los Angeles and 30 percent in Ventura.

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