I’m not one of those people that subscribes to the idea that we’re teetering on the precipice of an depression inducing crash in the housing market, but monkey with a Sharpie could’ve written the headline for this CNN article on the state of real estate. Here’s another insightful nugget:
Some of the nation’s most overheated housing markets may be cooling off to more reasonable levels following their unprecedented run-up in the first half of the decade.
Unsurprisingly, California is one of the areas that’s seen declining prices. More surprisingly, Los Angeles isn’t in the top ten list of most overvalued cities. In fact, San Bernardino is the closest burb to make the list and the two other CA communities are farther north. Which is sweet, sweet news to my ears since our house is still on the market.