Monday, March 17, 2008
California Real Estate Update-3
"Median-home prices plunged in many of California's most populous counties in February, with Southern California leading the slide with an overall drop of 18% compared with a year earlier, according to housing data released yesterday. ... Home-sales volume also fell last month. Sales declined 39% from a year earlier in Los Angeles, Orange, San Diego, Riverside, San Bernadino and Ventura counties", WSJ, 14 March 2008.
This will get worse.