This week Bruce Norris is joined by Leslie Appleton-Young. Leslie is vice-president and chief economist for
the California Association of Realtors, a statewide trade organization with
over 150,000 members dedicated to advancement of professionalism in real estate. Leslie directs the activities of the
association’s members investment group or information group. She oversees the analysis of the housing
market and broker industry trends, member communication, and membership
development activities. She also is
closely involved in the association’s strategic planning efforts and is a
well-known speaker in California. Bruce and Leslie discuss the current market and how we are doing compared to past years, the increase in median prices, the supply of short sales in the market, the percentage drop from the peak of the market to the bottom in early 2009, the change in inventory in the last few months, the nothing-down loan program Bruce and Sean O'Toole discussed in Washington, what the market was like at the peak in 2007, California compared to the rest of the country, and much more on this week's real estate radio show and podcast.
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