Latest CA Stats (they ain’t pretty)
DataQuick – is a great source for info, not only in California, but other places as well.
As we predicted, it is always a supply and demand issue. The worst downturns are occurring in areas that have been overbuilt. This great link below lays it out city by city so you can see where the carnage is the worst.
I really think that banks are starting to be more aggressive with short sales. B of A’s takeover of Countrywide allowed them to acquire assets at a severe discount so they can offer better prices and still make money. I think that this is only the beginning of this trend.
Hey, the stock market looks even worse.
Speaking of short sales………………………..
In case you missed the call with Dwan Twyford that Phyllis did on Monday, you can still listen to it on our website. It was really an informative call. Dwan has been doing this for many years and has seen both up and down markets. I asked her some tough questions and even learned things that I did not know. I have been through all of Dwan’s programs and THEY ARE FABULOUS!!!.
Click here to hear Dwan’s call with Phyllis from the Real Estate Investment Club of LA. You will find some powerful information that could help your financial in 2008.
To your success!