Friday, April 26, 2019

The internet is just full of good news.

Southern California home prices fall for 1st time in 7 years.

"In all, 17,960 houses, condos and townhomes changed hands in March, down 14% from nearly 21,000 in March 2018. Last month’s sales tally was the second-weakest for a March since the economic recovery began in 2009. 

The trend has been going on for more than a year, with Southern California home sales down in 12 of the past 13 months."

Yes, housing has been on a tear and is due for a correction. But there is a certain phycology to the market. If prices start falling too much, this will start cutting into retail sales and home improvement.

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