Southern California real estate prices are still falling due to tight credit, high unemployment and economic uncertainty. Read more about this in the full blog post from The Mess That Greenspan Made.
It’s been a while since I’ve looked at Southern California real estate prices and it looks as though things aren’t getting any better there, Jon Lansner at the Orange County Register filing this report on the latest findings from DataQuick.
There have been no mentions of DataQuick here at the new blog over the last year, but, at the old blog, a simple search shows a ton of them, most referencing Marshall Prentice who, in 2005, promised that “most or all of of those gains are here to stay." Ah… memories...
This post was republished with permission from The Mess That Greenspan Made.