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Just When You Thought It Was Safe To Get In The Water

Posted on June 17, 2008

A new breed of animal has entered the real estate market the Property Shark. The latest results for Southern California from DataQuick Information Services show what s going on. The media price in May fell a staggering 27% from $505,000 to $370,000, the largest drop since the firm began recording prices back in 1988. We re now back to March 2004 prices.Who s buying? Plenty of first time buyers who got shut out of market by the stratospheric rise in years past. But there s also anecdotal evidence investors are buying property. Smelling blood, they're swimming in to take advantage of oth...

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foreclosures , real estate , real estate market