Shortage of California homes up for sale
For those who like to read technical stuff, this is perfect. This goes into the nitty-gritty of the real estate market in California:
After years of having too many homes and not enough buyers, real estate agents in California now have the opposite problem – too many buyers and not enough homes for sale.
Let's look at the details:
* The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported Monday (9/17) that its statewide inventory of unsold homes index for existing, single-family detached homes fell to 3.2 months in August from 3.5 months in July and 5.2 months in August 2011.