Rents are coming down. So “cheaper to buy than rent”, means that home prices will be coming down as well. The number of REO’s on the market is flat-out amazing and the rise in unemployment is amazing as well. I track rentals pretty closely and the number available are growing extremely fast. I think the low-end has turned into speculation central.
I don’t know when the recovery will happen but if there is even a little turn around in the Socal housing market, I would expect Temecula home prices to have a spike up to at least the cost of production (which is a fair spike from current prices).
I don’t know when the recovery will happen but if there is even a little turn around in the Socal housing market, I would expect Temecula home prices to have a spike up to at least the cost of production (which is a fair spike from current prices).
I don’t know when the recovery will happen but if there is even a little turn around in the Socal housing market, I would expect Temecula home prices to have a spike up to at least the cost of production (which is a fair spike from current prices).
I don’t know when the recovery will happen but if there is even a little turn around in the Socal housing market, I would expect Temecula home prices to have a spike up to at least the cost of production (which is a fair spike from current prices).
I don’t know when the recovery will happen but if there is even a little turn around in the Socal housing market, I would expect Temecula home prices to have a spike up to at least the cost of production (which is a fair spike from current prices).
