[quote=The-Shoveler]There is a lot more worry on why we are NOT building enough homes, than there is on prices being too high.
That is where the pressure will be applied IMO (generating more home building) and how to get it going.[/quote]
Just this weekend there was this home we were entertaining in my area. 1 day after open house, 4 offers with 24hrs and no backups accepted.
Some have suggested its going to be more like Irvine and Arcadia RE prices moving forward in Carmel V. I am beginning to think that is the case. Between $1-1.5m homes that sold here recently, 1 out of 3 were purchased by Asian households.
