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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: John Vosilla who wrote (5002)4/9/2020 2:06:34 PM
From: elmatador  Read Replies (2) of 13800
 
Would the price of houses in California decline because of the crisis?

Crash Warning: California Housing Market Could ‘Decline Precipitously’ in 2020


Highlights from this housing report:

The California Association of REALTORS® issued a gloomy forecast recently.California’s housing market is expected to “deteriorate” over the coming months.Shelter-in-place orders have slowed the real estate industry to a crawl.Ongoing job losses could lead to fewer home sales in Q3 – Q4 2020.This could also be a sign of what’s to come for other states in the U.S.
...
Is a California Housing Market Crash Looming?All of this leads back to that frequently asked question we opened with. Will the California housing market crash in 2020, as it did back in 2007? Our view is, probably not. But we could certainly see home prices drop in some cities across the state

homebuyinginstitute.com
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