Im worried about the future of Real Estate in Riverside County
By Ryan Case
As I was driving through the streets of Riverside County Yesterday, I noticed one thing. Foreclosures, and a lot of them! All over the place. From prestigious streets in Corona and Norco Hills to the Tree lined streets of Temecula and Murrieta. They all had one thing in common. Dead Lawns, Foreclosure signs, for sale signs lined the streets, and it all remained constant throughout the entire drive.I have always felt real estate blossomed to fast. Since 1995, Real Estate in Southern California practically quadrupled, while minimum wage increased a mere couple dollars. Home prices skyrocketed while the economy stated relatively flat. In essence I'm not surprised that this sharp decline has happened. Homes that were selling for $600,000-$700,000 a mere year or two ago are now selling for $...