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Market Conditions in El Toyonal : Real Estate Advice

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Thu Jul 17, 2008
Stefan Birnbaum answered:
Value is 10% lower today........
comps from a couple months ago relate to a seasonal surge in demand plus a drop in interest rates directly after Bear Stearns failed.
In June......... market values collapsed.
Interest rates soared........bringing the market to a grinding halt.

Mortgage financing has NEVER been harder to get......

be extremely careful

no sustained real estate appreciation until 2011
... more
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