Mr. Mortgage Says There Is 4.25 Years’ Supply in CA

Posted under Foreclosures, Housing Bubble, Real Estate, Recession by Darren Hom

In this video, Mr. Mortgage states that the California housing market has reached 4.25 years of supply.

He makes a lot of assumptions in this analysis, but if he’s right about the increasing number of foreclosures and the slim number of non-REO sales taking place, the California housing market will continue to be a scary place for quite some time.

Take a look at the debate going on at his Web site if you want to see other people’s perspectives on his video.