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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ild who wrote (9917)7/27/2004 10:38:41 PM
From: CalculatedRisk  Read Replies (1) of 116555
 
I was referring to this article that you originally linked:

#reply-20343344

"Evidence mounts that the Orange County housing market is cooling from its red- hot sales pace of the past year.

Experts say that rising home prices have given some shoppers a reason to not buy in recent weeks.

According to Real Data Strategies in Brea, local home sales in the four weeks ended June 21 were down 15 percent from a year ago. Real Data's figures do not include sales of new homes or activity in some parts of the county.

The sales decline has accelerated, dropping to 34 percent for the past four weeks versus a year ago, Real Data says."
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