2012-10-16doctorhousingbubble.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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