Quote:
Originally Posted by spdrun
Was the Bay Area ever doing badly? I thought that the R.E. 'problem/correction' in California was mainly confined to:
(a) inland/Sacramento
(b) parts of SoCal
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From my limited perspective of the market it seems like 2010 & the first half of 2011 were pretty bad. The price of houses had dropped pretty stteply from the 2007 highs. My wife ad I are currently renting and houses in our neighborhood were selling for 500k to 650K back in 2006 and 2007. Now that same house can be had for 400k It seems like, in the last 10 months or so, everyone who has a job has come to the same conclusion, the market has hit bottom.