Here is the 59-minute video of the discussion from the recent Zillow Forum On California Housing – the title of this discussion is:
Is it a Good Time to Buy in California?: The Housing Market’s New Normal
I agreed with Mark around the 41-minute market that we are heading for a paralysis, where the investors run out of reasonably-priced supply to purchase, and equity sellers keep holding out for higher prices. We have become dependent on the distressed sale!