Housing Bubble 2 Hits Rough Spot in California

by Wolf Richter Tripped up by “eroding affordability and persistently low inventory.” Pending home sales in California, based on signed contracts, fell 2.6% in October compared to a year ago, the fourth month in a row of year-over-year declines, after having dropped 6% in September, 3.5% in August, and 2.6% in July. “A continued scarcity […]