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SoCal housing market continues to sizzle, are we headed for another bubble?




A 6 bedroom, 7 bath property estimated at a little over 6 million USD sits for sale in Arcadia, California on May 17, 2016.
A 6 bedroom, 7 bath property estimated at a little over 6 million USD sits for sale in Arcadia, California on May 17, 2016.
FREDERIC J. BROWN/AFP/Getty Images

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Southern California’s housing market is hot right now, but that’s bad news for anyone looking to buy.

Inventory is low, and prices are still climbing. Data from real estate tracking company CoreLogic shows Los Angeles County home sales in March of this year are up 8.5 percent compared to March last year and the median home price is $549,000, more than $40,000 more than the same time in 2016. Overall, Southern California saw a nearly 8 percent growth in home sales in comparing March of this year to last.

Are we heading for another real estate bubble? Or are we already in one? Plus, what does the current and future landscape of foreign money, especially from China, look like in Southern California?

Guests:

Daren Blomquist, senior vice president at Attom Data Solutions, an Irvine-based real estate information company; he tweets @darenjblomquist

Noor Menai, president of CTBC Bank in Los Angeles, which specializes in working with Chinese immigrant businesses; he tweets @noormenai