Normally June is a booming month, obviously, not this time.
The numbers are low, worse month in 14 years and it this rate, come July and August, notoriously slower months, we could see worse numbers.
What makes me mad is had buyers not listen to the doom and gloom of news headlines and sellers had actually looked at the market with professionals, we would have had a very good first six months. There was a good window of opportunity. The next few months should be interesting, to say the least.
Calculated Risk has a 
I agree that: “… Activity in California has probably fallen much more than other areas of the country…” And with the over-abundance of real estate involved folks per households, it looks like we will have a bigger shake down than previously thought.
