The Problem With Real Estate In California Is...California

When I began my career in California real estate in 1986, it was the Golden State. We had the biggest and best market, were the envy of every other state in the union. Our organizations were healthy and growing, and real estate was a huge and growing business. Almost 40 years later, not only is the real estate industry stalling nationally, but California in particular is plagued with declining sales and reduced homeownership rates. And it seems to be getting only worse here.