The resale market started strong in late 2012 and peaked in
the summer months of 2013. Though selling values remain
high, transactions have been in decline since the early fall
of 2013. The market is sluggish. The investors are gone,
largely because the distressed inventory of homes has been
purchased. And it appears that mortgage resets occurring
this year will not pose a new threat to the housing sector.
What remains a limiting factor for housing is access to credit.

• Home ownership has been in decline.
• Population continues to increase while new housing development has been close to non-existent.

• Existing housing inventory for sale is below normal, and even lower in California.

What’s it all mean for 2014? Read more HERE.