The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: russwinter who wrote (68800)	8/24/2006 8:54:09 PM
From: dipanjanc	Read Replies (1) of 110194

I played with the California county-specific sales volume and median price data by comparing 2005 yearly data with 2006 July data. The sales volume seems to be holding up the best in both the priciest (San Mateo, San Francisco, Marin) and the least expensive counties (Tulare, Madera, Kern, Frsno). This probably makes sense as the lowest-end is still affordable with lax lending and the highest end is somewhat immune. However, at a California state level at least, this will probably mitigate the claims of large hidden falls in the median price caused by a shift towards pricier houses in the mix of houses that are selling. As expected, there is good correlation with sales volume fall and lack of median price increase. Out of the biggest 13 volume losers, five show fall in median prices, one unchanged, and four show only 1-3% increase. Orange, Stanislus and Merced are the exceptions showing decent price increase. Out of the top 10 performers in sales volume - the lowest volume decrease - nine show good gains: between 3% and 18%.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next