Wednesday, August 29, 2007
Over-valued real estate #30 - Bakersfield, CA
For twenty years, house prices in Bakersfield moved up at a steady if unremarkable pace. Then in 2002, they shoot up into the stratosphere. Help me here; can anyone make any sense of property prices in Bakersfield? I would love to know what happened. A single family home is currently trading at 96 percent above trend.
Posted by Best at 9:48 AM