Real Estate: Too Expensive to Buy, Too Expensive to Rent

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If you're actively looking to buy a home in Southern California, you won't be surprised by this week's report by the real estate website Trulia. Los Angeles, Orange County and the Inland Empire are three of the country's five most overpriced housing markets. And here's the kicker: housing prices are soaring — but incomes are not keeping up.

Credits

Guests:
Jed Kolko - Chief Economist Indeed.com - @JedKolko, Larry Gross - Coalition for Economic Survival - @la_ces, Richard Green - USC Lusk Center for Real Estate - @keynesianr

Host:
Warren Olney

Producers:
Mike Kessler, Evan George, Katie Cooper