reduction: Cause And Effect of Today's Real Estate Market! - 01/27/08 02:06 PM
CAUSE AND EFFECT!
 
Real estate is experiencing an unusual adjustment these days.  Unusual, because in the past, sales declined due to either high interest rates or economic slowdowns.  Neither of those factors exist right now, so where does the blame lie?
 
Quite frankly, one of the biggest reasons that home prices rose to such artificially high levels was because of a frenzied degree of investor speculation.  "Flippers" would buy and then sell homes just for a short-term gain.  The truly negative effect that this activity had was to drive home prices so high that most median-income families could not afford homeownership.
 
Now, as prices … (0 comments)

 
Larry & Laurie Weichman, A Tradition of Success (Weichman Real Estate, A Trusted Name In Orange County Real Estate)

Larry & Laurie Weichman

A Tradition of Success

Costa Mesa, CA

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Weichman Real Estate, A Trusted Name In Orange County Real Estate

Address: 1503 South Coast Drive, Suite 130, Costa Mesa, CA, 92626

Mobile: 714-863-5739

Mobile: 714-863-5739



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