The median home price has hit a new high of over half a million dollars. This, while new home construction has slowed. Generally these trends run counter to one another. So is the bubble bursting, leveling off, or rising? Jack Kyser, Chief Economist, Los Angeles Economic Development Corporation, and Robert Kleinhenz, Deputy Chief Economist, California Association of Realtors join to Patt to shed some light on the housing market.
For more information visit: Los Angeles Economic Development Corporation or California Association of Realtors