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SoCal is facing a new kind of gridlock in the housing market




LOS ANGELES, CA - NOVEMBER 27:  A
LOS ANGELES, CA - NOVEMBER 27: A "For Sale" sign is posted in front of a house on November 27, 2012 in Los Angeles, California.
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There's a big log jam in Southern California...and it's not that back up on the freeway.

The new gridlock is in our housing market.

According to Attom Data Solutions, an Irvine-based housing research firm, people are staying in their homes longer than usual before moving up to a new house.

The reasons are varied, but the extended stay can have some major consequences.

Daren Blomquist is the Senior Vice President at Attom Data Solutions, he spoke to A Martinez about the repercussions of this new trend.

To listen to the full segment, click the blue play button above.