Item: No money to move to Idaho: California sales improve, but prices, equity plummet/Rick Thomas, CDA Press
More Info: The real estate market in many parts of California is improving, in large part because of reduced prices. That means there will likely be fewer sellers from the Golden State who walk away with enough equity to relocate to North Idaho. In 2005, the typical seller netted $225,000 from the sale of a home there, said Leslie Appleton-Young, chief economist for the California Association of Realtors and keynote speaker at the 2009 Real Estate Market Forum Wednesday at The Coeur d’Alene Resort. That is now $100,000.
Question: Do you consider the possible slowdown in the number of people moving to Idaho to be a silver lining in the current economic crisis?