OCLuvr said:Bill McBride, calculatedrisk fame, for the first time since 2013 is not bullish on housing anymore.
Thoughts?
OCLuvr said:Quoting him
? The recent price increases make sense from a supply and demand perspective, but prices do seem too high. And I suppose the frenzy is bothering me.?
Essentially, he is saying as supply will increase in the second half of the year, real estate becomes local and cities where people bought based on speculation, prices will decrease.
So, which cities in SoCal do we believe people bought based on speculation?