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13 February 2008
Transactions #'s Down...Jan '08 Data
Are Buyers and Sellers waiting out the market? They may be, as evidenced by the latest data regarding SoCal Home Sales Transactions which fell below 10,000 in the month of January. This is the first time this has happened in around 20 years. Clearly, Read More...
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16 January 2008
94% Chance of Price Decline?
Riverside, CA just outside of Los Angeles, is on target to see continued Home Price declines for the next 2 years. The odds that this will come true are 94% based on a statistical model by PMI Mortgage Insurance Co. This same model applied to the Los Read More...
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23 December 2007
Market downturn - Where is the bottom?
One of the main reasons for the housing market downturn is the unprecedented run up in home prices (since 2003) which proved to be out of line with inflation and other "fundamentals". When will we see the BOTTOM? When Builders cease with their Read More...
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22 December 2007
30 year fixed at 5.66%
Jan. 2008 Stats: The 30-year fixed-rate average sank to 5.66 percent, and the 15-year fixed rate slid to 5.17 percent. The 1-year adjustable rate was down at 5.4 percent. My #1 Ranked Real Estate Site: www.LAexclusiveProperty.com Read More...
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