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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (18327)	9/3/2004 3:50:24 AM
From: Elroy Jetson	Read Replies (2) of 110194

I looked at the numbers and talked to some agents regarding home inventory in Los Angeles. We have suddenly built inventory and more importantly seen a sharp decline in sales in the hillside areas. On the CLAW Map (Combined Los Angeles Westside MLS) these are areas 4, 2, 3, and 30. Expand the map fully to be able to make out the details. home.pacbell.net Although the inventory in other areas is not unusually high, it is far higher than when this bubble began. In 1998 at this time of year, Area 10 in West Hollywood had no available Single Family Homes compared with 36 this evening. There were 30 Condos available in 1998 compared with 97 Condos now. So there has been a slow inventory build over time.

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