According to Mark Thorngren, is his post updated 12-15-06, "the local housing market is RED HOT". HUH??:
The local housing market is RED HOT. The homes here appreciated approximately 35% in the last year! You can find a brand new 3 bedroom home for under 350K. Luxury homes normally begin at about 550K. Similar homes in Ventura County -further South -will typically sell for 3 times this price! Bakersfield has a population approaching 300,000 people and staddles the Kern River.
Saturday, December 16, 2006
Posted by Bakersfield Bubble at 2:29 PM