I find it extremely useful to take the pulse of the overall housing market in California by combining multiple data sources.  One of the bigger driving forces that will put a wet blanket on housing for years to come is the stagnant decade of wages.  This is problematic especially when prices are still unaffordable for … Continue reading The true picture of the California housing market – 114,000 foreclosures listed on the MLS but 257,000 foreclosures are active. Over 622,000 homes are in foreclosure or have missed at least one mortgage payment. 30 percent of California homeowners in negative equity. Net worth and income data for the state.