I don't pretend to know everything but here are my thoughts and please correct me if I'm wrong.I think your initial post puts too much emphasis on much smaller trends when the market changes.However, the basic premise that prices go down when rates go up is spot on.

Saturday, as I was walking 10 blocks to the stadium for a concert from the discounted $40 parking spots, I pulled up Realtor.com, saw that one had popped up, and bought it the next day.

Works well in sunny California.

So I thought it might be a good idea to start a thread to gather peoples' recommendations of substantive books in the field.If you have read Ramsay and Kiyosaki, you have a foundation for a successful career in real estate and business, in very much the same way that, having read "Run Spot, Run", you have a foundation for a successful career in literary criticism.

Some require payment on the spot and some will allow 24hrs to settle. 

The only dark spot is the foreclosure.  

James, City of LA is steady single digits YOY with hot spots higher.

I end up on my hands and knees for over 6 hours with a nickel and sponge cleaning every single spot of paint off these floors.You get the idea.

Roof: I did not see any wet spots from the roof under the main house and there was a downpour the day before.

Our plan is to move to Torrance Ca.As I've been looking for properties on Realtor.com and reading various articles about the ridiculous housing market situation in the L.A. area, I'm starting to come to the conclusion that this might not be such a great landing spot to begin my real estate investing journey.