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How is it possible, when to sell a lot of houses slowly and many r actually still waiting to be selled …. because the demand is high? I c … there r many ppl extract are already there, the price .. Do not get me wrong its good to live here if you have the money

2 Thoughts on As the market is strong in California?
  1. Reply
    March 10, 2013 at 4:57 am

    The demand isn’t strong. Houses are being foreclosed left and right. Realtors are closing up shop. A recession began about a year ago; people just haven’t realized yet.

  2. Reply
    March 10, 2013 at 5:37 am

    CA real estate has seen a decline in value over the last 2 years (give or take). Some areas have leveled off now. Every major city in the US has seen a decline in housing sales, in part due to economy, rates and jobs.
    Foreclosures are at an all time high. Mostly due to risky loans (Subprime), negative amortization products, and Adjustable mortgages (ARM) adjusting and increasing payments for borrowers beyond the borrowers means.

    CA has always had a strong real estate market, and generally when CA shows improvement the rest of the US follows. Expect the housing market to level over the next year or so. But don’t expect the house prices to rise as quickly as they did in the past, that was part of the problem. Over inflated pricing – aka the bubble. The market is correcting itself in value but many homeowner’s are losing homes because they borrowed using the wrong product or expected equity to make up the difference.

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