October 31, 2007

Wildfires add to woes of California housing market (Reuters)

The remains of some homes smolder after being destroyed by the Witch Creek wildfire in the Rancho Bernardo neighborhood north of San Diego October 24, 2007. Southern California's real estate market has been in a slump for more than a year, hurt by a combination of oversupply of available homes and a mortgage crisis across the United States. (Mike Blake/Reuters)Reuters – The air at Cielo, a
luxury gated community with pueblo revival-style homes, is
heavy with the smell of burned wood and brush.


Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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