Let's get outside our comfy confines a moment and see what the rest of the world is saying about real estate.
Countrywide Financial CEO Anthony Mozilo, yesterday:
We are experiencing home price depreciation almost like never before, with the exception of the Great Depression.
Ian Shepherdson, economist for High…
Let's get outside our comfy confines a moment and see what the rest of the world is saying about real estate.
Countrywide Financial CEO Anthony Mozilo,
yesterday:
We are experiencing home price depreciation almost like never before, with the exception of the Great Depression.
Ian Shepherdson, economist for High Frequency Economics,
today:
Housing is contracting at an accelerating pace, taking out with a vengeance the brief stabilization at the turn of the year, when mild weather and plunging gas prices supported activity.
Front page of the LA Times
today:
Foreclosures [statewide] soared to 17,408 for the three months ended June 30, an increase of 799% from the same period last year. The current rate handily exceeds the previous foreclosure peak set in 1996, when the state was in the final throes of a six-year slump....
Most analysts say the housing market won't stabilize until 2008 or 2009. The so-called soft landing that was much talked about last year is rarely mentioned anymore.
On second thought, let's go to the beach.
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Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of December 13th, 2024 at 6:47am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.