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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/countysalesac
by 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 agoThat 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 agoHousing prices are slow to fall as owners delay sales, but, as we saw in 2009, they do fall when the fundamentals change.