Friday, May 7, 2010

Laguna Beach Foreclosures Skyrocket - More Downward Price Pressure Coming

The latest data from the OC Register shows a whopping 66% increase in Laguna Beach foreclosures. This means more distressed properties will hit the market. This means downward price pressure. If you buy, buy low so you don't end up underwater on the day you close!

1 comment:

Anonymous said...

Quarter to quarter change is actually down....-11.8%

Did you miss that fact or what Lanser said about home sales?

I does not support your thesis, so you forgot.

A broken clock...