Relevant:
- 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?
- Managing shadow inventory -- California home prices up 12 percent year-over-year while household incomes remain stagnant.
- The monster lurking in the shadow inventory -- 12 million Americans underwater with nearly 6 million delinquent or in foreclosure
- The Rich Get Richer Through the Recovery
- Will rising home prices resurrect those negative equity home owners?
2012-08-29 — doctorhousingbubble.com
The housing market is rising at a rate 3 times that of the overall CPI in 2012. This might appear to be good on the surface but deep down, household incomes are stagnant. Also, you have nearly half of those under 40 that own a home underwater. So what gives? You have record low inventory (lowest in 30+ years), many young that cannot sell, and lower interest rates offering more leverage even in the face of falling incomes
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