PropertyRadar: California real estate market stuck in low gear

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WASHINGTON (MarketWatch) – The U.S. economy is stuck in low gear, producing few new jobs and stagnant paychecks. According to the Bureau of Labor Statistics, 96,000 net new jobs were added in.

Housing is based on supply and demand. Supply low, demand high means prices will be high for a while. The 30 year old broke losers living with mommy and daddy are not part of the demand equation. They are future renters or good candidates to move to a cheaper part of the country.

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"The year is young and lots could still change," said DataQuick John Walsh in the company’s latest Southern California report. "But the results from the first big sales month of 2012 suggest the market is stuck in low gear. This remains a very gradual – not to mention fragile – recovery."

Seattle real estate 2014. 10 Hottest Neighborhoods in Seattle Who’s buying where in a revved-up real estate market. By Allecia Vermillion 4/19/2014 at 1:56pm Published in the May 2014 issue of Seattle Met

California’s housing market remains stuck in a standstill, with August’s sales numbers showing a weakening market. According to PropertyRadar’s August Real Property Report, California single.

The residential real estate market is performing adequately, industrial real estate is picking up and the retail market remains fairly solid, so it is not by any stretch a bleak case.”

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