“[I]nventories of homes listed for sale rose 7.8 percent during July in Los Angeles, 12.5 percent in San Diego, signed contract offers were down [I]n San Diego, the monthly decline exceeded 10 percent. [S]igns of “buyer fatigue.” Affordability is beginning to erode down by 4.4 percent from the previous quarter. [P]rice gains in the double digits that were commonplace in coastal California, Phoenix, Las Vegas, Washington and parts of Florida starting 24 months ago have gradually begun to self-correct.”
I love that term “self-correct”. There something very correct about the self taking control.
