The Real Estate Market in Escondido is not much different than much of the larger market across the country. Property prices are down and foreclosures are up. It will probably be a few years before things start to stabilize again. The next wave of foreclosures should happen in 2009 when all of the option arms start resetting. Once we are through this I think we will know where we are at.
http://www.mylesweisman.com/
Showing posts with label housing crisis. Show all posts
Showing posts with label housing crisis. Show all posts
Thursday, August 21, 2008
Wednesday, June 4, 2008
Has The Housing Crisis Hit Bottom?
The U.S. Housing Crisis is really bad - that's all we hear in news day in and day out. Foreclosures, too many houses for sale, another mortgage company filing for bankruptcy - when will it all end? To tell, take a look at historical data and compare to what is happening in many markets across the country. Buying in a down market is a great long term move, is it time to buy your dream home? (click for Full Story)
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