More bad news for this housing market, will Livermore follow?

WASHINGTON (Reuters) - Sales of new homes dropped more than expected in June, while orders for long-lasting U.S.-made goods were weaker than analysts thought, according to reports on Thursday that raised fresh concerns about economy.

This particular news has been taunting the bay area, when will we see an end to this saga?

I feel that until the foreclosures start to slow down to normal levels and the stock market sees investors putting money in bank and mortgage securities we are in this for a while.

The good news is that Livermore has seen the levels of pricing stay reasonably unchanged. Although the prices have fallen they have fallen at a level way below our surrounding cities. Stay tuned to see where we will be headed come winter. The buyer's market continues!!