Oct
24

Mr. Bubble is for the tubs: 2007 Market Forecast

Posted In: Economy, First Time Home Buyers, For Buyers, For Sellers, Local Market Statistics
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Hmmmm…so the results are in. The median home PRICE in California is expected to drip, er, drop 2% in 2007 while home sales will drop 7% compared to 2006. But what about us here in the Bay Area? Chris Thornberg, an economist with Bay Area-based Beacon Economics claims “The market is flat and the bubble has popped.” Ouch, that is [...]
Oct
24

Hot and Cold

Posted In: For the Heck of It, Places
‘Whether it’s cold or whether it’s hot’ People who wonder why housing is so expensive in Los Angeles overlook one obvious reason: No snow.Yes, it’s raining here today, but on New Year’s Day Los Angelenos and their dogs walked along the beachfront beneath crystal clear blue skies and brilliant afternoon sunshine. Natives wore lightweight jackets while tourists sported shirt sleeves.Yes, [...]
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