SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Live2Sail who wrote (43492)10/23/2005 12:47:40 PM
From: GraceZRead Replies (2) of 306849
 
You should know by now that I never ask a question to which I don't already know the answer.

CA has a turnover ratio of 6.5% which is 30% higher than the whole country average of 5% reached recently. So without them the country would have a lower ratio not higher. Your 28% figure is wrong, I don't know where you got it but it doesn't come from the existing sales data.

The only state which has a larger number of existing home sales is Florida. It is the Northeast region which lags the rest of the country significantly in existing home sales and turnover as well as new home construction. The South leads both in existing home sales and new home sales. Where CA lags is in new home sales to household formation, they are building new homes at a lower rate of population growth and to household formation. This has been occurring since the late 1970s. You can imagine that even a single percentage point difference over 25 years between household formation and new home construction would result in home prices rising significantly. One of the reasons home prices have risen the least in the midwest and south has been that the household formation and new unit construction rise on similar slopes.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News