There are five key financial indicators that show exactly what is keeping the housing market – and the rest of us – depressed.
An informative post on drhousingbubble.com recently provided an in-depth look at these trends, which include:
- Increase in MLS Inventory
- Falling Prices
- Competition for Jobs
- Rise in FHA Defaults
- Mortgage Delinquency
What this means is what we’ve pretty much known all along…the California housing market gold rush is dead and buried and shall not rise again for a very long time.