Prices have come down, but not as much as you might think. Eighty offers poured in for one house. Competition can be fierce.
Reporting from L.A. for the Los Angeles Times, Chip Jacobs recently found that while the median price in Southern California may have plummeted, homebuyers are still engaging in bidding wars in more desirable neighborhoods.
They Just Want to Drive Your Values Even Lower.
Michael Blassis, Publisher, Dream Homes Magazines
From political candidates and current government officials to the Bank of America, everybody wants to bail out the people who are already in default on their mortgages, thereby creating huge losses for the rest of us.
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