Last time we heard from this real estate clerk on December 16, 2006 he claimed the "The local housing market is RED HOT".
He now has a new update and now claims "The local housing market is hibernating". He also claims "The homes here appreciated very little in the last year!". Uh, no they didn't, home prices were down last year!
He then goes on to say - " If you don't mind hot summers and you enjoy the invigorating atmosphere of a town experiencing explosive (but controlled) growth, Bakersfield will "knock your socks off." We seem to be experiencing a leveling in home prices, even a decrease in some neighborhoods. Good news for home buyers!"
Sunday, February 18, 2007
Posted by Bakersfield Bubble at 1:17 AM