A recent article (( http://firsttuesdayjournal.com/reo-resales-in-ca/ )) in first tuesday, a California real estate centric on-line magazine (with views that match mine – most of the time) predidcts REO sales to remain above thier historical 9% until 2017. I bet they are right.
Prices continued to drop in CA this year – with about an average 1-% year-to-year decline. More in some regions, it’s even worse.
Will ‘it’ ever end? Best to stop thinking that way. “It” is the new normal. Let’s all get used to it.
