Tuesday, November 18, 2008

Bakersfield, CA Losing Value Fast

In Bakersfield, CA new homeowners are losing value fast. Those who have bought in 2008, over one-third already have negative equity. Negative equity statistics like this will contribute further to the current foreclosure mess. Below is a chart that shows the median home price trend in Bakersfield for the last few years.

Click on the image below for a larger view.

1 comment:

pjeary said...

I love your posts regarding real estate, and this one is so true. Thanks for the post.

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