The image of oversupply in real estate flashing across media headlines still haunts the minds of many investors. You can just see it now, ghost towns, built during a period when anyone with a pulse qualified to own a home. While most of us living on the east coast look at California as the poster child for why real estate is a bad investment, the multitude of economic data released each month paints another picture. It appears that this market is once again the hottest in the country. It can be challenging for those not living in a market where real estate prices have increased 20% in the past twelve months (average of the three major cities in California, see...
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