OCR Money: Half of O.C. homes selling for less

The housing market is no good. Here is what I read from The Orange County Register on Friday, Aug. 15, 2008.

Survey of recent ‘paired home’ sales shows that almost 1 out of every 2 homes sell for less than their previous sale price.

By JEFF COLLINS
The Orange County Register

The modest house on Blue Jay Lane seems like an unlikely place to find a countywide trend.

Yet the three-bedroom, two-bath Garden Grove house less than five miles from Disneyland just sold for $439,000 – precisely $200,000 less than what the previous owner paid.
…..

Read more, click here

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