Rather, 2010 will observe the birth of a “new normal” in sales and home prices. Low and high end homes The gap connecting low-end and high-end California housing will turn out to be even more pronounced, according to Liptak. Sales will torrent in more progressively, rather than in burst of sky-scraping and small as was the case last year, albeit with an expected turn down of about 2.3%. realestate is particularly known for its high share of distressed properties, which have caused rag price drops of over 40%. [...]
Rio Linda Home and Condos

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