Stagnating or same house prices in 2016 for SO CAL?

D

dream16

New member
Apparently as the article infamously points out:

http://www.doctorhousingbubble.com/california-housing-market-2016-market-prices-affordable-money-investors/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+DrHousingBubble-HowILearnedToLoveSocal+%28Dr.+Housing+Bubble+-+How+I+learned+to+Love+SoCal%29

 
dream16 said:
Apparently as the article infamously points out:

http://www.doctorhousingbubble.com/california-housing-market-2016-market-prices-affordable-money-investors/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+DrHousingBubble-HowILearnedToLoveSocal+%28Dr.+Housing+Bubble+-+How+I+learned+to+Love+SoCal%29
Click to expand...

I think luxury market have actually seen price drops now...
http://www.housingwire.com/articles/35782-luxury-home-prices-drop-for-the-first-time-in-three-years
 
acf said:
Interesting. This is probably for what, 2.5+ million dollar houses?
Click to expand...


I think I saw another related article that was quoting this redfin study saying that luxury was 1M and up.  I could be wrong, just something I think I read...
 
I'll speculate that $1M+ Irvine house prices have an 80% probability of bouncing within a tight range of 5% +/- over the next few years. In other words, they'll stagnate.
 
So this means that an entry level home buyer is not going to get a dime off in 2016...as these speculations seems to apply for $1m and above.
 
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