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I am starting to believe the freefall is slowing, the panic lessening, and some sensibilities are entering the marketplace. Plenty of pain to go around, but the foreclosures around here are selling. So are starter homes. The builders have retooled and are building smaller sfr's and a larger proportion of multi-family.
The untold story in So Cal are the number of newly created first time buyers.
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David
1972 911T/S MFI Survivor
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