More foreclosures than home sales in California in January.
And the wave of rate resets isn't even done until mid-summer...
My advice if you're looking to buy a home in California: Wait. We ain't anywhere near the bottom of this thing yet...
-- Badtux the Finance Penguin
I'll be sure to wait. I have a feeling everyone is going to be waiting a long time.
ReplyDeleteAnd good luck to all of us as we slide down what Tom Lehar called "the razor blade of life"!
ReplyDelete--ml
nope, according to some hard core real estate mavens i know, we ain't even close to the bottom. and both of them predict that the fall will be sudden, sharp, and far.
ReplyDelete