This home was purchased in March 2001 from Lennar(builder) for $875k. It went pending this week at $899k.
http://www.redfin.com/CA/Coto-De-Caza/9-Salinger-Ct-92679/home/5778723Here is a financial profile of Coto De Caza, CA. Clearly this is a high earning and high networth area of Southern California. Yet prices keep falling....
The value of housing in most markets will continue to fall and this is despite absolute record low jumbo loan interest rates.
www.bestjumborate.com
As always have a great weekend.
Mortgage Insider dishes it straight on housing and the jumbo mortgage market.
