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This is what this newspaper printed on Jan 8, 2007: Local real estate insiders scoff at predicted 'nose dive' By Ryan Schuster, Californian staff writer Bakersfield's housing market is still healthy and is simply going through a market correction that was inevitable after its meteoric rise, according to several local real estate professionals. "I don't think it's all doom and gloom," said Jon Busby, a real estate agent with Bakersfield Premier Realty. "We had the investors that came and the builders that came and drove the prices up. It's just correcting itself now." Source: The Bakersfield Californian In December there were 3,181 homes listed on the market, down 13 percent from the month before, according to a preliminary report on December sales compiled by local appraiser Gary Crabtree. The full report is due out next week. The preliminary report also shows the median list price of existing homes declined from $289,000 in November to $288,000 in...
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