cabear

House Price/Sales Are Affected By Wall Street [Housing Tracker]

I wonder if these price/sales declines even begin to reflect increased costs of owning a home (consumption) - namely utilities. And they most certainly do not reflect the massive tax increases we are likely to see at all levels of government over the next 2-4 years, which will make debt service even more difficult in hi-priced markets like Cali. Even in markets where prices remain flat, homeowners are losing the battle with inflation.

What a disaster.