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Podcasts Take Two
SoCal is facing a new kind of gridlock in the housing market
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Aug 8, 2017
Listen • 6:08
SoCal is facing a new kind of gridlock in the housing market
According to an Irvine-based housing research firm, people are taking a lot longer to move out of starter homes...but there are consequences to this new trend.
LOS ANGELES, CA - NOVEMBER 27: A "For Sale" sign is posted in front of a house on November 27, 2012 in Los Angeles, California. According to S&P Index reports, for the month of September home prices in major U.S. cities have risen as much as 3 percent as compared with the same month last year. (Photo by Kevork Djansezian/Getty Images)
LOS ANGELES, CA - NOVEMBER 27: A "For Sale" sign is posted in front of a house on November 27, 2012 in Los Angeles, California.
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Kevork Djansezian/Getty Images
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According to an Irvine-based housing research firm, people are taking a lot longer to move out of starter homes...but there are consequences to this new trend.

There's a big log jam in Southern California...and it's not that back up on the freeway.

The new gridlock is in our housing market.

According to Attom Data Solutions, an Irvine-based housing research firm, people are staying in their homes longer than usual before moving up to a new house.

The reasons are varied, but the extended stay can have some major consequences.

Daren Blomquist is the Senior Vice President at Attom Data Solutions, he spoke to A Martinez about the repercussions of this new trend.

To listen to the full segment, click the blue play button above.