Bubble watch: Investors are 51% of Southern California’s homebuying surge
Bubble watch: Investors are 51% of Southern California’s homebuying surge
“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: Half of Southern California’s homebuying surge this summer can be tied to a big jump in the purchasing pace by investors.
Source: My trusty spreadsheet reviewed Redfin estimates of investor activity locally and in 40 major metropolitan areas in the third quarter, defined as purchases made by…