Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
Visit Housing Bubble Blog
Prices Are Falling Faster Than Sales In California
Posted on May 10, 2008
The Union Tribune reports from California. Although the current real estate market downturn eventually will reverse itself, agents should prepare for difficult times, California Real Estate Commissioner Jeff Davi yesterday told about 300 members and guests of the San Diego Association of Realtors. Several years ago, during the fevered housing boom, some agents could make sales simply by going to work and answering the telephone, Davi said. Well, those days are over. Because the ranks of agents grew rapidly during the recent boom, competition now is keen, he said. One in 53 adu...
Original article link
Subscribe to Housing Bubble Blog