Infilling communities is profitable but is also the slowest, capital intense, and risky way to add value. 

There are multiple ways to make money on RE and one of the slowest is via cash flow.  

The closing volume improved by a record of nearly 32% from last month, but it's still the slowest June in 9 years, which is understandable.

Q2 National home price index growth was the slowest since 2012.  

There are tons of ways to work in real estate, and getting a law degree is the slowest way to get there.

Closing volume improved by a record 31.9% from May, but it was still the slowest June in nine years.See reports below.Cheers, Yuriy

Then sales plummeted in March, April, and May, the slowest since 2010.

For appreciation, land appreciate the slowest (typically) and will go down in price first when recession happens. 

This is the heart of SIlicon Valley a large revenue generator for state coffers.2) LA Times - "California population growth slowest since 1900 as residents leave, immigration decelerates".3) Biggest problem - The majority of people leaving have jobs, skills and money, leaving behind those that don't. 

as everyone has said, the winter is the slowest time of the year.