Friday, February 3, 2012

Real Estate Deflation Machine Speeding Up?

Housing continues to fall in the majority of cities across the country. Here is a way back price drop in a premium community in Orange County, CA

This home was purchased in March 2001 from Lennar(builder) for $875k. It went pending this week at $899k.

Here is a financial profile of Coto De Caza, CA. Clearly this is a high earning and high networth area of Southern California. Yet prices keep falling....

The value of housing in most markets will continue to fall and this is despite absolute record low jumbo loan interest rates.

As always have a great weekend.

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