Sunday, February 17, 2008

Home Sales Report Shows Big Price Drops Hit California

Yesterday, the National Association of Realtors released their quarterly report on existing home sales prices for metropolitan areas.The report basically showed more of the same from last quarter, but the big difference was the number of areas in California that showed double-digit declines for the first time in many years.There were also some surprising areas of strength, and others that showed resilience from declining prices. Here are some of the highlights:Largest Price Declines-18.5%: Sacramento, CA
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[Source: The Money Blogs]

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