The "buyers" market...

current mood: dorky
"In high-end neighborhoods like Cow Hollow, where the median price is $650,000, blame a slowdown in sales and climbing inventory. Sales in Cow Hollow are down 45% from last year. But the situation isn't dire there, the way it is in middle-class neighborhoods like Deer Valley, Phoenix. There, incomes are lower, and the median home price is only $232,000; a flood of low-priced foreclosures is wiping out the market. In Deer Valley, there are presently 295 homes for sale, and 468 foreclosure properties, according to RealtyTrac, an Irvine, Calif., foreclosure listing service. Both are suffering from market imbalances driving down prices, albeit from different causes. "
~From Yahoo! News
I guess no one can AFFORD to buy a home here, eh? Gee... who would have thought that.... *rolls eyes*














