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Housing

Home sales hit 8-month high

Analysts mixed on whether numbers indicate worst may be over Article Last Updated: 05/19/2008 09:28:49 PM PDT Southern California's thawing real estate market heated up in April when home sales hit their ...

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Walter Moore
Los Angeles, CA
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#1
May 20, 2008
 
Now that prices are down and sales are up, City Hall should stop taxing us to subsidize developers' projects. The "affordable housing" pretext for rewarding political cronies is no longer available.
Like I Predicted
Santa Clarita, CA
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#2
May 20, 2008
 
Like I told the Doom-n-Gloomers and hopeful market timers -- So Cal real estate will always be treasured. All of our downturns have always been temporary.
Desmo
Valencia, CA
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#3
May 20, 2008
 
Why bother to ask Jack Kyser anything about housing, he has been wrong for 3 years, give him a skirt and he can cheer for the Lakers instead.
Desmo
Valencia, CA
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#4
May 20, 2008
 
Like I Predicted wrote:
Like I told the Doom-n-Gloomers and hopeful market timers -- So Cal real estate will always be treasured. All of our downturns have always been temporary.
Like I, did you not read the article, this may help

In Los Angeles County, where sales fell an annual 30.6 percent, to 5,016 transactions, the median price declined 19.4 percent, to $435,000.

In Ventura County, sales fell 19 percent, to 771 transactions, and the median price fell 22 percent, to $445,000.

For all of Southern California, the median price fell 24 percent, to $385,000.

And despite April ringing up the highest sales total since last August, it was still the second-lowest for the month on record.

Keep your predictions to the weather.
Like I Predicted
Santa Clarita, CA
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#5
May 23, 2008
 
Desmo wrote:
<quoted text>
Like I, did you not read the article, this may help
In Los Angeles County, where sales fell an annual 30.6 percent, to 5,016 transactions, the median price declined 19.4 percent, to $435,000.
In Ventura County, sales fell 19 percent, to 771 transactions, and the median price fell 22 percent, to $445,000.
For all of Southern California, the median price fell 24 percent, to $385,000.
And despite April ringing up the highest sales total since last August, it was still the second-lowest for the month on record.
Keep your predictions to the weather.
Yeah, I also read the part where it said that sales are picking up again. There was a similar situation in the early 90s and look what happened after that. You can play Chicken Little praying for a crash so that you can afford to buy in and make up for the many times you timed the market and failed, or you can just buy in and join the successful crowd like most people do. All downward trends in So Cal real estate are temporary blips.
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