National Housing Bubble?

Housing Bubble. There has been a lot of talk about this lately. A great read is this CNN article about the bubble. The argument seems to be it there is one... is it going to be a national decline? You may have your own opinion but I will give you somethings to think about.

• 6 of 10 all national real estate transaction are in California
• California has 4 of the 5 top real estate markets nationally
• 20% of the national GDP comes from an 80 mile radius around Los Angeles
• 60% of US banks assets are tied up in home financing
• 2/3 of the economy is driven by consumer spending...

If there is a housing bubble in California... rest assured everyone is going to feel it.

Thanks for Reading.

Jessie J. Beaudoin