A tour of recent foreclosures in a North Oceanside neighborhood. See www.bubbleinfo.com for more details. Real estate agent Jim Klinge is trying to sell a home in the $150K range that was once worth twice that much. And now, with all the REOs in this once senior living area, the agent will have a tougher time getting even that price.
All the recent news is telling us that the real estate market is even more location centric. Meaning that there's a vast difference in prices just from one neighborhood to the next, but more so, from city to city in each state--there's a much bigger difference than there was a few years ago.
