Southern California home sales plummet
Home sales across a six-county area of Southern California hit a 14-year low for June, with San Bernardino and Riverside counties leading a pronounced decline in sales of entry-level homes, according to La Jolla based DataQuick. June saw a 36.2 drop in sales in San Bernardino Riverside, Los Angeles, San Diego, Orange and Ventura counties. Home sales in the region have fallen on an annual basis for 21 consecutive months. The median price in San Diego County was $495,500, down 1.9 percent from the year-ago period according to DataQuick.[tags]California home sales,San Diego home sales,San Diego home values,real estate bubble,San Diego real estate[/tags] San Diego downtown condos San Diego home sales
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We are in the midst of the best buyer’s market we have seen in years. Buyers and sellers need to be extremely careful navigating thru this depreciating market. The wrong realtor can cost you thousands and the right realtor can save you thousands. Dallas auto accident attorney
“UCLA predicts that GDP will dip by 0.4% in the second quarter of this year, but then rebound. Anderson expects GDP to be growing at 2.5% by the end of this year.
In staking out the contrarian position, UCLA bucked other forecasters in 2001 by correctly predicting that year’s recession.”
Allen
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Those discussing the large drop in home prices that need to happen are failing to mention that the nominal price will not fall that far because Bernake is inflating the market; real prices will fall 30%+, however.
Laurie
San Diego County Hotels