| |||||
House price declines tied to job loss, says MetroTrends For most of the metro areas in the “double trouble” group, the sharp downturn followed rapid gains in house prices and employment opportunities earlier in the decade. In fact, the bigger the boom, the harder the fall. The double-whammy states of California, Florida, and [...] Prices were down 20-30% in 4th quarter 2008 for high end Los Angeles homes. The same thing happened here in San Francisco. People thought high end property was safe. It wasn’t, it just took longer to start to fall, that’s all. One problem is that mortgages, especially jumbos (which would be needed to buy these [...] |  | ||||
Copyright © 2012 Politics in the Zeros - All Rights Reserved | |||||
Recent Comments