California real estate- wow…

Discussion in 'Economy' started by Trajan, Jul 24, 2011.

  1. Trajan
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    Trajan conscientia mille testes

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    So, my cousin is a real estate and mortage broker. Been in the bus. for decades. Anyway, he ran some cops and did some digging.

    I live in what’s called Blossom valley here in San Jose.

    A quick look at some numbers he gathered and ran;

    June 2008- price per sq foot (dollars)/ follwed by average home price

    June 2008- $360.42/$587,560.00

    June 2009- 294.79/499.709.00

    June 2010- 300.56/518,012.00 ( first time buyer credit bump?)

    June 2011- 283.79/498.577.00

    So…hows that for a drop off?:lol:
     

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