Thanks for the California Monthly Homes Sales Volume chart. Read your forward looking comments with particular interest.
Thank you for writing and thinking clearly, as opposed to the mish-mash we mostly see from poor CAR.
This chart is confusing. The graphs make more sense vs. time chart…….
And I took 4 semesters of Calculus!
Local neighborhood comparable sales data appear to be gradually rising in this predominately middle class community that includes lots of corner duplex owners and/or half-plex owners. The quality of local schools has contributed to end user purchasing of single family houses in some of the area. Generally, owners of property in the area tend not to be moving up and waiting, waiting, waiting for the “good times” or unsure of what to expect. Through the city of about half a million people, utilities have begun to sky rocket. This has caused some property owners to be concerned about the profitability of local rental properties; home owners are also beginning to feel the pinch—especially the many older residents who have their houses paid off and are on a fixed income. Speculators that have entered the rental market in recent years have also entered the rental market. Rents are continuing to rise; rental vacancies continue to be low compared to other areas of the city. In this kind of a setting, what do you recommend?
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