California unsold inventory is now back to levels not seen in 8 years. Up 37% over last year. Open question for your speculation: Why now? We know why inventory is climbing in FL, TX, AZ, etc. (migration is way down, fewer buyers moving from the northeast.) But CA has had net negative migration for a long time and inventory stayed low much longer than those other states. What's a good hypothesis about why CA inventory is climbing this year, finally? What is it about 2025?
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