And after all the rises that the prices of real estate properties in Southern California have gone, the trend is now reversing. Prices are going downhill.
But I won't bother advising you to go ahead and buy now. Why? It's for the simple reason that the bottom still cannot be seen. The prices will still go lower. We cannot tell.
There seems to be a glimmer of hope for sellers in the Silicon Valley area. It is because the number of home buyers have risen by more than 30% this month.
Though it is still not clear that this rebound will continue, it's good to know that many people still like to purchase properties despite the economic turmoil the country is in.