Prices in California have not gone down ...... unless someone has to move out of State, they will not lower their price. Houses have been on the market for over a year and still no reduction in price. Just because prices drop 20% , everyone is freaking out that it's the end of the world. Please remember that a house that sold for 600,000 in 2001 is now listed at 1,300,000 so even if the seller reduces it to 1,000,000 it is still almost twice as much as in 2001. It has gotten to a point that if you bought before 2000, you will have a house .if not, you can pretty much forget about it. Has anyone done the math of what your yearly income has to be in order to afford a million dollar home ? - Mon Apr 7 2008, 12:32
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.