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SoCal Homes for Sale

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CORONA:
In my opinion, the housing market is a mess to say the least.... hope no one bought into the hype.... some used to say the housing market would recover by the end of the year.... now, just several months later.... most say its gonna be several years before things turn around... which means... more than likely, time is on the buyers side... since house prices are not expected to go up this year.... only stay flat or may go down further....

crzysurf:
Price  Vs. '06  Sales  Vs. '06  
Los Angeles  $547,500  +5.3%  6,809  -23.0%  
Orange County  $640,000  +0.0%  2,391  -19.8%  
Riverside $399,000  -3.9%  2,769  -41.9%  
San Bernardino  $355,000  -3.1%  2,008  -42.6%  
San Diego $489,000  -2.2%  3,106  -13.3%  
Ventura  $582,500  -5.1%  784  -16.7%  
All So. Cal.  $505,000  +3.7%  17,867  -27.4%

Double_G:
houses suck everywhere, if a house is in LA for under 300k, i'd love to see it cause it must be a shack,

I'm not willing to pend half a million on a 3br box in LA. but i dont want to suffer and have to be stuck there forever buy buying a mansion for 300k in texas.

what is a young fellow to do?  whoooaa is me

CORONA:
http://www.mrmlsmatrix.com/DAE.asp?ID=4096109-53777506-50

Sales are down in most places, lending is tighter nationally....meaning it is harder to get a loan... especially if its a Jumbo loan... which is a loan greater than 417k.... and most of socal costs more than that.... if your a buyer now... there's much to choose from, but its harder to get a loan...without paying really high interest, which will generally push most out of their price range, unless you have great credit and money to put down.... generally, to determine a rough estimate of what you can afford, just multiply what you make in a year by 3 or 4 max.... thats what you probably can afford without getting into some exotic, or "toxic" loans..

Double_G:
damn i cant live in cali, thanks alot nick for the shocking hurtful reality check. lol

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