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Long Beach, CA, View from Signal Hill
Photo by: Amir Zee |
According to California Association of Realtor s "CAR" With the California median home price in 2012 surging by double-digit from 2011, there are concerns about the market entering into another period of housing speculation. Discussions on whether the current housing market recovery and the recent asset price boom are justified surface from time to time and the debate will continue in 2013. The environment for housing finance in 2012 required home buyers to be more responsible financially than they were in 2006. As the economy continues to improve slowly but steadily, the housing market condition will remain healthy in 2013. Sales will be strong in the upcoming year as housing affordability hovers at record level.
Please look at this very interesting study, comparing 2006 and 2012 buyers statics.
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