Not Ranked
I'm not the least surprised by this. 2-3 years ago a lot of people were attacking their home equity to get into various toys. Now you see a lot of those toys being sold at fire sale prices (just look at the latest BJ auction). It will be interesting to see what "the new normal" will look like, as resale values are definitely down and I predict they will stay at those levels for some time.
But this is really positive news for the CA buyer.
-Dean
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