PropertyRadar - California housing is headed for a bust?

[Brian Gibbons]

3 reasons why California housing is about to go bust

California is perhaps one of the most important states in mortgage finance. So much of the mortgage finance world is based in California and, like Texas, the industry is a huge source of employment for workers of varying levels of education. But, trouble could be brewing.

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I live in Los Angeles - And I believe its true...

See

http://www.housingwire.com/blogs/1-rewired/post/31...

[Lee Davis]

I have noticed a lot of price drops and selling under listing price recently on some favorites I had saved on redfin, just after closing on my first condo in the venice beach area. Just like the stock market, my buying is a contrarian indicator that should signal a great time to sell or go short.