DR. HOUSING BUBBLE: The reluctant California home seller – 35 percent of homes bought pre-2000 in California yet sellers still expect unrealistic prices. Market dominated by distressed properties of foreclosures and short sales. I still see a lot of unrealistic sellers around here, too. Plus this: “Ultimately the market can only support what local household incomes can adequately carry and if you haven’t been paying attention, the California economy isn’t exactly booming.”