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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Paul Viapiano who wrote (6066)	10/17/2002 2:54:20 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

California is a pile of contradictions right now. North's down, South's up. I did read a blip this morning that rents are down from, the highs here in the North between 10 and 15%. S.F is like 12.8, Palo Alto 15 Oakland 9 or 10? Even the voting demographics is wacky with the East/inland voting Rep the coast Dem. Fruites and nuts.

To: Paul Viapiano who wrote (6066)	10/17/2002 4:50:35 PM
From: ild	Read Replies (1) \| Respond to of 306849

Paul, just read this piece in LA Times. As far as I understand what they list as September sales is what was closed in September. Sales closed in September went into escrow in July and beginning of August. That definitely was the peak of the prices. I'm in Orange County, CA. What I see in my neighborhood is that asking prices are lower than last sale prices. Today I spoke with local RE agent. In August inventory was very low. Now inventory is back up. She said that the music stopped in mid-August. People keep looking but not making offers. IMHO that was THE peak. I think in a year the prices will be lower. BWDIK