Friday, June 19, 2009

California's coastal immunozones no longer immune

From The Wall Street Journal:
Values have fallen even along the coastal submarkets that were once seen as mostly immune from the collapse in home prices elsewhere. Now, while signs of a recovery mount in some of the most distressed inland markets, declining values along the coast are just beginning to lead to short sales and foreclosures in mid-to-upper end housing markets.

8 comments:

  1. This comment has been removed by a blog administrator.

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  2. A bad omen for other immunozones elsewhere in the nation..

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  3. "The question now is, will he be here to honor the statement in May 2010, or will he like so many others simply go *poof* never to be heard from again."

    What happens in May 2010? The end of the world? Certainly not the bottom for 'immunozones'.

    I wanna know if he will be here in 2014 when potomac finally hits bottom....afterall it just started seeing price drops about 2 months ago.

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  5. Anonymous 9:00, your comments have been deleted. If you want to hold others accountable for their previous statements, then at least have the courage to choose a consistent username for yourself so you can be held accountable as well.

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  6. Where's the anonymous jackass when you need him regarding DC being immune?

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  7. Noz said...
    "Where's the anonymous jackass when you need him regarding DC being immune?"

    The "anonymous jackass" had his comments deleted.

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  8. " Immunozone "

    What is this? An idiot word made up by an idiot realtor ( or economist ) to justify a higher ( read stupid ) price for a property?

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