A Housing Price Correction

Sep 30 2006

My buddy Jason posted an interesting entry on what he’s seeing in the California real-estate market.

Its a good read… the comments are also worth noting as well.

Los Angeles housing market reaches the tipping point

One response so far

  • Alec Glass says:

    I have also recently seen an article, which of coure I can’t find, indicating that some owners are listing lower in an attempt to get several people to “pull the trigger” and eventually getting caught in something of a bidding war. Thus the house would go for less than a ridiculous listing but more than true market value