CNNMoney reports that a number of cities that have held up as good housing markets in the midst of a national crisis have recently succumbed to the general trend. Lately Charlotte, NC, Seattle, Portland, Ore., and Salt Lake City have all registered declines even though they had posted pricing gains during 2007.
As an example, Salt Lake City saw a decline of about 7% in the fourth quarter of 2007, vs. the third quarter. This decline was in the face of Salt Lake Cities steep growth in its population, which is up about 14% since the 2000 census. *To view the full post, please visit the San Diego California real estate blog
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