Housing peculators are taking their profits from Southern California and investing in hotter markets in Las Vegas and Arizona.
"Southern California's high housing costs have become a big turnoff to investors...who have fled for more affordable pastures.
Many analysts say that's a good thing. Although the falloff of speculative activity probably means Southland home prices won't surge soon, it also could keep home values from tumbling â€" and lead to a much more desirable 'soft landing,' or flattening of prices.
Too much speculative activity from investors hoping to turn a quick profit is perhaps the biggest sign that a market â€" whether real estate or stocks or any other asset â€" is in an overpriced 'bubble' condition, economists say. Too many speculators drive prices too high, and when they sense that the market is topping, they tend to sell all at once, sending prices into a free fall."
FULL STORY: Housing Speculators Relocate to Hotter Spots

Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

San Francisco Suspends Traffic Calming Amidst Record Deaths
Citing “a challenging fiscal landscape,” the city will cease the program on the heels of 42 traffic deaths, including 24 pedestrians.

Defunct Pittsburgh Power Plant to Become Residential Tower
A decommissioned steam heat plant will be redeveloped into almost 100 affordable housing units.

Trump Prompts Restructuring of Transportation Research Board in “Unprecedented Overreach”
The TRB has eliminated more than half of its committees including those focused on climate, equity, and cities.

Amtrak Rolls Out New Orleans to Alabama “Mardi Gras” Train
The new service will operate morning and evening departures between Mobile and New Orleans.
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