California Home Sales Up by 52% Due to Foreclosures Pulling down Prices »

Posted By altnrg 8 months, 1 week ago in News
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Homes and condos from foreclosure listings pushed down median home prices in Southern California, increasing sales of new and pre-owned homes and condos in March by 52 percent.

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    calitennflo8 months, 1 week ago

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    Another way to look at it here in California...is homelessness is up 52% too. That's backed by the New York times article...I recently read. And...in 2002, Cities like Long Beach were determined to end homelessness. I laugh...they meant...put them in jail. lol

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      CHAM8 months, 1 week ago

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      If homelessness is up and home sales are up, that combination could signal something wrong. It could mean that the lending industry drove down the prices of homes and then foreclosed.

      Get a nice chunk of change from the bailouts to replace the loss in value ( paper money ), finance the re-buys at a higher interest rate, i. e. make more money on smaller investments. A hell of a racket.

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        CHAM8 months, 1 week ago

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        If homelessness is up and home sales are up, that combination could signal something wrong. It could mean that the lending industry drove down the prices of homes and then foreclosed.

        Get a nice chunk of change from the bailouts to replace the loss in value ( paper money ), finance the re-buys at a higher interest rate, i. e. make more money on smaller investments. A hell of a racket. Did it happen?

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          myfairlady8 months, 1 week ago

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          It gathers real estate data from county records and provides its data to lenders.

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