From PropertyRadar (ForeclosureRadar):
“Earlier this year we accurately predicted that 2014 would be a year of lower sales volume and flat prices because home prices rose too far too fast,” said Madeline Schnapp, Director of Economic Research for PropertyRadar.
“That’s exactly what’s happened and hopefully by next spring, prices will be more in line with what prospective homebuyers can afford.”
Read full report here:
https://www.propertyradar.com/reports/real-property-report-california-october-2014
I think another winter of sub-zero temps everywhere east of Arizona (except Florida).
Will get them looking in spring again.
We will see.
Property Radar is very good. They are smart folks. They were the first ones to come out and say in late 2009 that there was no “shadow inventory” coming when every one else was on the shadow inventory band wagon. They know what they are talking about and tend to be ahead of the crowd on trends.
Agreed, and a striking difference between them and Realty Trac, who promised the sky was falling so many times that nobody listens to them any more.