Quote:
Originally Posted by GregWeld
Many times I've raised the issue of "rising FED rates"....
Here's PERHAPS a sign of caution.... and the "cause and affect" of such seemingly simple "things".
Southern California home sales crash, a warning sign to the nation
Sales down almost 12%...... that's a large number if you're a businessman.
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I was on a Mastermind call last week with top agents with two being in CA. They said the market has cooled off and stayed pretty flat for 5-6 months. The news is looking to trigger emotions. Twelve percent is hardly a crash. This country has been in a robust real estate market for some time now and it has to cool at some point. I do think it's something to pay attention to though! I've now heard the same thing from multiple people. What kills markets? Pessimism, and it spreads like wild fire.