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What is the trigger or event or sequencing that will turn sales declines into pricing declines?
BayArea saysWhat is the trigger or event or sequencing that will turn sales declines into pricing declines?
Maybe you are confusing the causality: sales go down... because prices go up.
And as the market becomes more exclusive to the rich, prices can go on increasing. Doesn't matter if the rest population is either leaving or living in the streets.
The only moderation would be from building more.
But prices look to still be inching upward.
What is the trigger or event or sequencing that will turn sales declines into pricing declines?
https://www.cnbc.com/2019/01/30/southern-california-home-sales-plunge-20percent-in-december-lowest-pace-in-11-years.html