How do I find out if a property is in a declining market area?

Asked by Athene D Maynard, Murrieta, CA Thu Jan 3, 2008

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sarah oswald, Agent, Eastvale, CA
Thu Jan 13, 2011
Hi,
Check out my website at http://Sarah2011.housingtrendsenewsletter.com. It will give you the most update information to your local area of interest. Good luck.
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Christopher…, Agent, Hemet, CA
Thu Jan 3, 2008
FNMA guidelines list San Bernardino and Riverside Counties in "declining" market areas. Wells Fargo lists these as "severely declining". Each has its own guidelines and I do not know of Internet resource who lists the market areas and their specific status. Appraisal guidelines are effected in areas listed in decline or severe decline and this is an issue for every property in Riverside and San Bernardino Counties at this point. (No funny stuff allowed!) as it never should have been.
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