South of Sunnyside

NBC Bay Area has outlined the 10 worst real estate markets, as projected for 2009. From the article:

The housing market hasn’t bottomed out yet. For the third quarter, the closely-watched S&P Case-Shiller national home-price index fell 16.6%, and experts are predicting further declines…

Fresno is listed in seventh position, citing the following facts and figures:

• 2008 median house price: $257,170
• 2009 projected change: -21.6%
• 2010 projected change: -3.3%

I’ll refrain from anything other than implied personal comment—the news speaks for itself.

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