Apr 21, 2016
Why are sales in California slowing?
There has been a slow down in home sales in California. Could this be the beginning of the real estate apocalypse? A realpocalypse. An estataclypse...something like that? Probably not, but at least its interesting! So lets sit down, look at the numbers and see if we can't figure this stuff out!
There is also some interesting info out on how long it will take to save for a home based on recent survey data where millenials were asked how much they think they need to save and how much they are saving. On interesting side effect is that one region has apparently found data to indicate that this process may have revealed the ability to travel back in time! Really. I am totally not joking. Ok, maybe a little.
Home prices have also seen some amazing gains. There is an interesting article that kind of puts this into the perspective of not just growth, but how much equity it has gained for owners. There is a great graphic in this one that can help you see these areas easily, you will want to check it out.
To take part in todays poll or to get access to links to the articles discussed in todays show, check out the show notes at http://www.therebelbroker.com