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California home sales plunge to 20-year low !!

 
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Shoeshine.
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PostPosted: Fri Feb 15, 2008 12:17 am GMT    Post subject: California home sales plunge to 20-year low !! Reply with quote
Quote:
LOS ANGELES - Housing market data from January show California home sales
have plunged to their lowest level in more than 20 years.


Seriously, How far behind can the Bay State be Question Question

Story Link below

www.msnbc.msn.com/id/23170733


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JCK



Joined: 15 Feb 2007
Posts: 559
PostPosted: Mon Feb 18, 2008 9:32 pm GMT    Post subject: Reply with quote
I think we're pretty far behind. Look at appreciate rates over the last five years out west, and compare them to Boston. Look at inventory numbers today, and their rate of increase. Compare those to Boston.

I don't doubt we're going to see price drops locally, but I think Phoenix, Vegas, and So Cal are getting hammered. Looking at these numbers, I don't find much reason to extrapolate trends from Los Angeles to Boston.

http://www.housingtracker.net/askingprices/Massachusetts/Boston-Cambridge-Quincy/

http://www.housingtracker.net/askingprices/Arizona/Phoenix-Mesa-Scottsdale/

http://www.housingtracker.net/askingprices/California/LosAngeles-LongBeach-SantaAna/LosAngeles-LongBeach-Glendale

http://www.housingtracker.net/askingprices/Nevada/LasVegas-Paradise/

http://www.papereconomy.com/CSI.aspx?id=BOXR|LVXR|LXXR|PHXR&yoy=all&showall=1
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