The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Perspective who wrote (203758)	5/26/2009 3:21:30 PM
From: Peter V	Read Replies (1) of 306849

Could you please inform my mother? She's convinced that real estate has bottomed down there, and "coastal" San Diego is never going to come down. Southern California median home price falls to $247,000 in April The price drop drives home sales up. April sales are at record or near-record levels in foreclosure-heavy inland areas; higher-priced coastal areas are seeing record or near-record lows in sales. By Peter Y. Hong May 20, 2009 Southern California's median home price slipped slightly in April, new figures show, but the volume of home sales tells a tale of two housing markets. In distressed areas such as the Inland Empire, homes are selling at a quickening pace, as buyers snap up foreclosed properties at cut-rate prices. But in more expensive areas such as Pacific Palisades and Corona del Mar, activity is still largely frozen. Many well-heeled homeowners who aren't under financial pressure to sell are keeping their properties off the market or holding out for prices that buyers are either unable or unwilling to pay. [Lots More] latimes.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next