to Malibu and Southern California and the indicators are mostly positive. So, why doesn't it feel better than this? Why are many properties languishing with no buyers? Where is the frenzy?
The last time things went good, they lasted about 10 years. The years 1997-2006 was practically one continuous leap upward — other than a rest period in 2001, partly for obvious reasons. Malibu real estate, in the current cycle, has been steadily improving the past two and a half years.
Yet the number of sales is down this year from the past two. It is noticeable beyond the internal numbers. And the total volume is c... Read the full article