Jun 17 2008
Revisiting the Last California Housing Slump: How bad are Things Currently for California Housing?
Sometimes the best way to measure one current downturn with one from a distant past is to look at the headlines. Many will recall that California in particular Southern California faced a boom and bust cycle; in the late 80s prices went up only to bust during the early 90s. Much was to […]
Jun 17 2008
California Home Prices: SoCal Down 27 Percent Year over Year.
The California housing market continues to face severe pressure from distressed properties. Currently the amount of inventory on the market is near 1 year and prices for the region have fallen a stunning 27 percent on a year over year basis. Each of the major counties are now down $100,000+ from their bubble peaks. About […]
