Real estate prices are estimated to fall and decline and the most affected area anticipated in USA is west-coast. The areas on the list are Stokton California, Merced California, Reno Nevada, Fresno Ca, Vallejo/Fairfield , Ca, Las Vegas Nevada, Bakersfield Ca, Sacramento Ca, Washinton DC, Tucson Arizona and is anticipated that the price of the real estate may decline in the coming months. The range of decline is guessed to be between 6% to 8%.
Especially the decline might be seen in the residential properties. Although the prices have been touching sky heights in the past but it may be a good time to purchase a new property for those who have been waiting.
In the recent years it was seen that people had started looking to relocate due to the high prices and many of them had even relocated themself to other cities of USA.
Although one should not simply jump on buying the real-esate in california, one must get consultation from a good real-estate advisor personally and then look at the market
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Sunday, March 29, 2009
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