Bay Area homes on market down 74% last 10yrs
-July 2008: 46,755
-March 2018: 12,264
Home prices during this period rose 75% from $560k to 980k
h/t @SelmaHepp
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Even 2003-2007 may also be highly scewed due to extremely low mortgage rates and over lending. Very hard to have a controlled 10-year comparison in recent history.
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Here's 40 years of data across the state of CA. Turnover is a fraction of what it was a generation ago. http://lao.ca.gov/Publications/Report/3497 …pic.twitter.com/SSmnLaiBjE
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