That part of the market is pretty stable, it's just that there's been across-the-board appreciation.
More Quotes from John Karevoll:
It appears that today's market is probably as close to what we would call normal as we've had in a long time.John Karevoll
The rate of appreciation is coming down. We actually thought it would be lower than this by now.
John Karevoll
When people got into trouble, they could tap into fast-building equity. Now that the equity is not building as fast, there's not as much to tap into in troubled times.
John Karevoll
In most markets, the boom phase of the real estate cycle is behind us. The market is reestablishing a balance between supply and demand, buyers and sellers.
John Karevoll
Only if we have very short memories can we say there's a downturn in sales, or at least that sales are significantly low. This is actually as close to a normal market that we've had in seven to eight years.
John Karevoll
I think we are due for even more appreciation in the Inland Empire, but at a slower pace.
John Karevoll
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