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  • Has the Housing Market Hit Bottom? [View article]
    Good article. I have been watching the CA housing market and home sales numbers have been increasing for well over a year, and the prices just now seem to be bottoming.

    The interesting side to watch is the supply side. Foreclosure inventory against new homes. In 2008 California new homebuilders started only 33k single family homes. In the worst years of the 90's, they built at least 85k. The state's population has increased by 6 million since 1995.Existing home inventory has fallen to less than a 4 month supply in the state. Will the next surge of foreclosures coming to market be readily absorbed by increased demand, or will prices start to fall again?
    Jul 30 09:21 am |Rating: +6 -1
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