Number of Home Sales Arroyo Grande is part my Central Coast Newsletter Archive which was written from 2008 to 2011 for two Pismo Beach, Shell Beach and Arroyo Grande East Side.  This was during the recession, which was a very interesting.

Number of Home Sales Arroyo Grande  – Archive

If you lived through the 2008 recession, which was caused the Subprime Mortgage Crisis, you know that it had a very big impact on the real estate market.

The Subprime Mortgage Crisis was caused by the Greedy Banking Industry, who would provide loans to anyone with a heartbeat.  The problem was that many people could not afford these loans, the monthly payments were not paid, and ultimately the bank would foreclose on the home owner.

If you take the time to read the Newsletter Archive, you will see that there were on average 2,000 foreclosures and short sales during the Subprime Mortgage Crisis at any given time during 2008 to 2011, but the recession continued until the end of 2013.