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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: 10K a day who wrote (120559)5/4/2008 2:06:21 PM
From: Jim McMannisRespond to of 306849
 
The once-invincible condominium market in downtown Boston is weakening.

boston.com

Sales of condos in the 12 core markets of Boston, from the North End to the Back Bay, the South End to South Boston, plunged 22.3 percent in the first quarter of this year, while median prices declined nearly 1 percent, to $475,000, according to the Listing Information Network Inc., a real estate firm



To: 10K a day who wrote (120559)5/4/2008 2:09:52 PM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
A foreclosure protest took to the streets.

abclocal.go.com

ANTIOCH, CA (KGO) -- There was new evidence that emerged of what the foreclosure crisis is doing to the value of California real estate. In a report issued Friday, real estate tracking firm Radar Logic finds average property values in San Jose lost 11.2 percent, San Francisco lost 14.1 percent, Los Angeles lost 19.3 percent and real estate in Sacramento is down 29.8 percent, which is the most in the nation. A group of East Bay homeowners, facing foreclosure, fought back in a very public way because they claim they weren't getting any help or response.

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