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- Renters Have Got The Bubble By The Tail Now
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It’s Friday desk clearing time for this blogger. “The Northern San Joaquin Valley’s new home market is dreadful and may not stabilize until 2012, home appraisers were warned this week during a conference in Modesto. ‘The new home sales rate is nothing short of dismal,’ lamented Dean Wehrle, VP of Sullivan Group Real Estate Advisors. He said Stanislaus, Merced and San Joaquin county subdivisions are averaging one sale per month. At the peak of the market in 2005, each subdivision was selling on average about eight homes per month.”
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Original Source: thehousingbubbleblog.com
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2 May, 2008| housingblogs |
@ 20:58