1. Bubble watch: Odds rise that Southern California home price start to drop – Orange County Register

    Bubble watch: Odds rise that Southern California home price start to drop – Orange County Register

    Numerous indexes offer context for a Fitch Ratings’ report that said appreciation was “slowing from a gallop to a trot.”

    For example, look at the Federal Housing Finance Agency price index for California. It rose at a 5.2% annual rate in the first quarter. That’s no loss but it’s also far below the 16.7% pace seen in 2014. Please note, these are the smallest gains in seven years.

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