There are five key financial indicators that show exactly what is keeping the housing market – and the rest of us – depressed.

An informative post on recently provided an in-depth look at these trends, which include:

  1. Increase in MLS Inventory
  2. Falling Prices
  3. Competition for Jobs
  4. Rise in FHA Defaults
  5. Mortgage Delinquency

What this means is what we’ve pretty much known all along…the California housing market gold rush is dead and buried and shall not rise again for a very long time.

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