Monday, July 25, 2005

Sell the House Now Candace, Sell It

People seem to be paying attention to the bubble in California more so than around here, The local papers out there have regular stories about the state of the real estate market in places like Lodi, or Sacramento, or San Diego.

[Fears of a bubble burst -- a drastic decrease in the pricing of homes because of inflation -- are keeping some people involved in real estate on the edge of their seats.

"There is no reason that a house should be worth 40 percent more today than it was two years ago," said Christopher Thornberg of the University of California at Los Angeles' economic think tank Anderson Forecast. "This is a bubble. And this housing market is heated far beyond the point of sustainability."]



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