California
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Nearby Communities:
- California
- Bakersfield, CA
- Bay Area, CA
- Burbank, CA
- Fresno, CA
- Long Beach, CA
- Los Angeles, CA
- Oakland, CA
- San Diego, CA
- San Jose, CA
- San Francisco, CA
- Sacramento, CA
- Santa Clarita, CA
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They buried the lede until halfway though the article:
That house was also vastly overpriced at $1.35 million. It's a small tract home in a not so desirable area. Makes me wonder if there wasn't something else going on with the changes in ownership.
That said, the market is really slowing down. One big reason is Canadians and other snowbirds make a good portion of the buyers in Palm Springs and Trump's BS has them walking away. (Canadians alone owned > 7% of the homes in 2021.) Many say they won't be back as long as the dotard is in office and maybe not even after he's gone.
Doesn't that describe most housing in California? (lets not talk about Bakersfield though)