California Real Estate: Big $ Drops, Big Sale Increases
Sources:
California Home Sales Revive, But Not Without Intense Pain
MICHAEL CORKERY and JONATHAN KARP
WSJ, OCTOBER 22, 2008
http://online.wsj.com/article/SB122462963345656289.html
Fire sale: SoCal home sales spike 65% as prices slide
Peter Viles
LA Land October 20, 2008
http://latimesblogs.latimes.com/laland/2008/10/firesale-socal.html
How to avoid the next housing bubble
Daniel J. Mitchell, David M. Abromowitz
LATimes, October 17, 2008
http://www.latimes.com/news/opinion/commentary/la-oew-mitchell-abromowitz17-2008oct17,0,1836269.story
Friday, October 24, 2008 | 03:00 PM | Permalink
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» California Housing Woes from Pacific Views
California has been ground zero for bubble and bust mortgage market. From the WSJ, one can see how extensive and destructive the past five years have been. In this view, the deep red county is Merced, with 84% of the... [Read More]
Tracked on Oct 26, 2008 10:33:37 PM
Comments
The higher sales volume is BULLISH!
Posted by: Larry Kudlow | Oct 24, 2008 3:03:56 PM
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