Foreign buyers and the future of the SoCal housing market
High housing costs may be causing trouble for the Southern California housing market. Despite the fact that the state has some of the highest wages and job growth, many potential buyers are choosing to go out-of-state and foreign buyers are even pulling back. A stronger U.S. dollar could be to blame…
Raphael Bostic joins Lawrence Yun chief economist at the National Association of Realtors, and Daren Blomquist, Senior Vice President at RealtyTrac, a real estate information company based in Irvine.
For more of this interview, listen here