Maybe the predicted housing crash is primarily a SD / Sacramento phenomena(?)…
– LA resales increased slightly May to June
– SF Bay area sales still generating multiple offers
– Prospective renters in some LA areas bidding up rents on units (fcol!!!!!!!)
– In Burbank houses still selling above last year prices. Past Sunday open house circuit traffic was decent, 1 was just gathering backup offers for an old 1927 $699k house needing tlc that was overbid with multiple offers…
– LA job growth forecast is highest in 6 years
Question: Why are SD / Sacra localities so different?
Answer: overbuilding
