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www.californiarealestatecenter.com... Read On
Today, BusinessWeek wrote an good article regarding new home builders and the current supply of homes for sale. It indicates that the amount of existing homes for sale is up 20.6% nationally over this time last year... while "...the second half of 2005, the supply of new single-family houses available for sale has been growing at the fastest pace since the mid-1980s"For those of you who remember Southern California during those times, think Chino Hills... and what happened back them... mid-late 1980's then in 1989 pop.What is important is that those buying a home buy for the primary reason of owning a "home" not as an investment, as that's were people can get in trouble.... ...
www.californiarealestatecenter.com ...Full Story
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Jan 18, 2006 at 12:13 pm.
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Today, Dataquick, released information regarding home sales in Southern California. Prices are easing back and the sales volume is the lowest in 4 years. Here are some area highlights:These were all down:Los Angles was down 13.6% from Dec. 04Orange County was down 9.2% from Dec. 04San Diego was down 11.3% from Dec. 04Ventura was down 13.3% from Dec. 04Bucking the trend was:San Bernardino up 5.7%Riverside up 16.5%Overall Southern California was down 4.5%... ...
www.californiarealestatecenter.com ...Full Story
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