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It doesn't take much to distort the real estate market.

• cheriot 7y ago
  In June alone, California saw 389,690 home sales worth $238 billion. Markets that large are not moved easily. https://www.car.org/marketdata/data/countysalesactivity https://www.car.org/marketdata/data/countysalesactivity
  • pixl97 7y ago
    That depends if there is a ratchet in said market. Housing availability has a large leverage in sticky upward prices, especially with large amounts of low interest debt availability.
    • cheriot 7y ago
      Housing prices are slow to fall as owners delay sales, but, as we saw in 2009, they do fall when the fundamentals change.