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What's happening in this local housing market? Help coauthor a quick summary here:
Sales trend:
Price trend:
Inventory:
Oakland-Fremont-Hayward, CA has a 58.2% chance of a decline in home prices over the next two years according to PMI Mortgage Insurance Co., one of 13 markets nationwide that "face a 50% or greater risk" of decline.
$566,500 median sales price
47.4% overvalued
Classification: One of 71 "Extremely overvalued" housing markets nationwide
Source: Overvalued Housing Market? Depends Where You Live
66 Past housing price corrections
http://www.platial.com/realestatecafe/map/7317
US News & World Report: Housing bubble correction could be severe
Informal podcast of lessons learned from riding two real estate cycles in the Atlantic City & Philadelphia housing markets.