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Updated over 8 years ago,
Housing bubble right now? California and nationwide
I have some real estate holdings in Southern California and so I tend to watch the market pretty closely. According to http://www.car.org/marketdata/data/haitraditional/HAISoCal/, the affordability has drastically decreased in the last 2 years and it's a downward trend. Some of the properties have increased by 10% in price in a mere 3 months. What do people think about that? housing bubble? Time to sell?