Market collapsing

[CCAAMO]

Perris is the perfect storm for the real estate implosion: An area no one really wants to live in the housing was inexpensive compared to homes closer to employment centers; Massive amounts of new construction during the peak of home prices; Lots of undeveloped land for future development; lots of marginal quality homes and lots of first time home buyers with no money down. There are so many homes for sale or bank owned in community it will be one of the last areas to recover. It may be cheaper and a visual improvment just to bulldoze the area and build some softball fields.

 

[Alison Swain]

That's not a market collapse. This is a market collapse.

http://www.realtor.com/search/searchresults.aspx?ctid=72&mxp=5&typ=7

Cool! I'll take three! :new_multi:

 

[Joyce Potts]

Cool! I'll take three! :new_multi:

How about you purchase three vacant lots in Bella Collina based on developer sales in the public records, and not the 100 other competitive listings that are currently priced lower?

Oh wait, is that different?

 

[Pamela Biggers]

Hold on tight, we are in for a bumpy ride. I think many people do not fully realize how much the housing market effects every part of our economy. But, I am only preaching to the choir on this forum....well at least in the most part.