A Market Where No One Wants To Buy

The Used House Salespeople report from California. “Home sales decreased 28.5 percent in February in California compared with the same period a year ago, while the median price of an existing home fell 26.2 percent, C.A.R. reported today. The median price of an existing, single-family detached home in California during February 2008 was $409,240, a 26.2 percent decrease from the revised $554,280 median for February 2007, C.A.R. reported. The February 2008 median price fell 4.8 percent compared with January’s revised $429,790 median price.”
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Original Source: thehousingbubbleblog.com

  25 March, 2008| housingblogs | @ 0:31

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