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  • 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, Buyers are waiting, but should they? With interest rates low, supply up, and ...
    Posted to Real Estate Blog LA (Weblog) by 402414 on February 13, 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 Angeles area predicts a 79% chance that home price will decline for the next 2 years. With ...
    Posted to Real Estate Blog LA (Weblog) by 402414 on January 16, 2008