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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (33873)6/4/2005 2:53:44 PM
From: ild  Read Replies (3) of 110194
 
In Orange County, CA inventory for sale is about 20% lower than it was last year at this time, so there's a slowdown in sales. Affordability index is at 10%. Prices are up 5-10% over last year's peak.

IMO we'll first see slowdown in areas with lots of construction (and speculation) like Vegas, Florida, San Bernardino/Riverside, Sacramento, Arizona. From there the slowdown will feed back to established areas.
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