Check out Sacramento listing numbers - must be a good "For Sale" sign business for someone!

Do the math, you're looking at a 223% increase in listings since January

Supply and Demand. Supply and Demand.

But here's how it plays out

1) House prices increase above average
2) Inventory contracts
3) Prices increase even faster
4) Investors enter market
5) Prices increase even faster
6) Inventory dries up - waiting lines - panic buying
7) Inventory increases as people look to get rich / cash in
8) Prices moderate
9) Investors get out
10) Inventory explodes
11) Prices moderate (not drop) as people still think they can get what their neighbor got a few months ago
12) Sales dry up - prices higher than what people willing to pay
13) Inventory builds up
14) Motivated sellers start dropping price (or builders add incentives) to get house sold
15) Low ball bids come in - some are taken, driving prices down
16) Panic selling starts - media inflames panic
17) Prices collapse

Sacramento:

1/05: 3,597
2/05: 3,554
3/05: 3,793
4/05: 4,423
5/05: 5,284
6/05: 6,241
7/05: 7,263
8/05: 8,966
9/05: 10,177
10/21: 10,600
10/30: 10,799
11/10: 11,980
11/20: 11,950
11/30: 11,632