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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (51140)3/30/2006 3:45:04 PM
From: MulhollandDriveRead Replies (1) of 306849
 
as always with RE, it's location, location, location..

"We saw significant investment in the north and northeast part of the valley that traditionally carry lower-than-average prices," he said, "so with the shift in the mix of property sold, that also contributed to a lower valleywide average."

my take on this is that the 'other side of the tracks' land is the last to appreciate and the first to fall when the demand begins to dry up
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