Steve0

Economic Report Summary: Housing Market Getting Worse, Not Better

I live in California the distressed home sales State you mention The bank owned and short sales are going like hotcakes. A house I was going to place a offer had over 20 offers above the asking price. If you go back to the house price for the home in 2002 the asking price now at our higher. I say housing has hit bottom and you are looking at lagging indicators