Unknown Investor

Foreclosures Still On the Rise in California

I agree with easyrider. The SF peninsula never really had a radical increase in prices like many other areas. If author of the artical above is correct that inventory absorption of foreclosures in Sac is about another 6-9 months out, the SF peninsula might not see 10% price roll backs.

In other words, habitation is the real determinate in stable real estate market values. Market made from and through the acts of profligate people (buyers, facilitators, primary and secondary financial market participants all included) are those that are having and are going to continue have a heck of a time.