Saturday, May 31, 2008

California Real Estate Update-4

"California home prices tumbled 32 percent from April a year earlier as 'distressed' properties and a lack of financing cut demand, the state realtors group said. The median home price fell to $403,870, the California Association of Realtors said in a statement today",, 23 May 2008.

Be patient, it will get worse.

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