For the first time in nearly two years the California housing market showed some brief signs of cooling. The median price dipped and sales slowed down. The mortgage rate turbulence of the summer is likely to show up in late fall since the process of buying a home with escrow takes a bit of time to register in the current data.
http://www.doctorhousingbubble.com/california-housing-forecast-2014-booms-busts-for-30-years-mortgage-rates-california-home-prices/
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