Housing Blogs

It is no surprise that many lower price areas are taking the brunt of this market correction especially in many cities in Southern California. However, not much has been examined between the synergy of employment linked to real estate and housing values. It was a symbiotic relationship that fed off each other. As the market trends pushed prices lower, the next train to leave the station is jobs that were dependent on ever rising home prices and a larger volume of sales. The churn and burn economy. This of course isn’t something new to this current era of economic prosperity and won’t be the last time that we witness such mob euphoria. Yet California is uniquely positioned that it will face to a large extent, some of the worst that will come with this housing led recession. It lived by the real estate, it will suffer by the real estate. To iterate on this point, let us examine a series that CNN Money is now doing looking at individuals and how the current economic downturn is impacting their lives. This s…
Original Source: feeds.feedburner.com/DrHousingBubble-HowILearnedToLoveSocal