The median home price of a home in Southern California is down to $270,000. Would you like to know the last time we were at this level? You would have to go back to 2002 to find the first crack at the $270,000 mark. To sum it up we have now reached a nominal lost decade for Southern California.
Thursday, January 19, 2012
The rise of the investor and affordable home buyer class – Southern California has hit a lost decade when it comes to nominal home prices. Median home price of Southern California back to 2002 levels. Record number of absentee investors purchasing homes.
Dr. Housing Bubble reports:
