TEN REAL ESTATE MARKETS THAT WILL COLLAPSE

TEN REAL ESTATE MARKETS THAT WILL COLLAPSE


Okay, so I was reading this article in Yahoo Real Estate that spoke about ten areas in which they think the real estate market will collapse in the next year.  I found it interesting that 1) they think they can predict what will happen in the next year considering their really BAD track record so far, and 2) that four out of ten areas are in theCalifornia Real Estate Market.


If I were to be completely honest, I can see why they think California is so ready to keep collapsing.  Unemployment is extremely high here, workman's comp and heath care costs are extremely prohibitive to employers, especially small businesses here, and businesses are still closing.  That coupled with the governor's ideas about raising taxes (ya, him and the feds) we will get a double dip in tax increases that spells doom and gloom.  But then again, some of those areas they spoke about are already raising in price.  



Take their number two pick - Riverside-San Bernardino.  First of all, you can't really lump two counties in the same opinion as basically it's city by city right now.  So their opinion is a very broad view of the situation there.  Not to mention the fact that I recently sold a house for the second time.  My seller had purchased the home from me about two years ago for $350,000 and we just sold it for $385,000.  Seems that particular area is going up in price pretty smoothly. But when you go to the neighboring city, Rialto, the prices are still on the downward spiral.


So, while it was an interesting read, I pose the question to you:  Can anyone REALLY predict what will happen in such a broad fashion?

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
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