Now Is the Time to Buy an Oakland Condo

Oakland condo prices are continuing to plummet, dropping more than 13 percent, on average, from a year ago, according to the Chron, citing a report by the Polaris Group. The median condo price is now just $272,500, the lowest it’s been in nearly a decade and $42,500 lower than it was last year at this time, during the worst part of the recession. But the questions is: Why aren’t people taking advantage of these historically low housing prices?