Real Estate News Blog California July Archive

Prices go lower and lower and lower

07/16/08 14:27

Just when will the bottom of the pit show up? Prices are still going down and mortgage companies are already crying for help.

The situation is no easier in South California, where real estate prices have gone below than 2004 levels, with almost half of all properties sold being foreclosed ones. Because of this, otherwise deserving loan applicants have been denied by loan providers because of tighter credit.

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