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

To: Elroy Jetson who wrote (6572)	11/5/2002 8:31:54 AM
From: Les H	Read Replies (1) \| Respond to of 306849

I'm see a lot of for rent signs go up. Not sure if these are all units that won't sell or because a lot of novice landlords moved into the purchase market. I hear the landlord business is getting crowded in some areas.

To: Elroy Jetson who wrote (6572)	11/6/2002 12:25:10 PM
From: Paul Viapiano	Read Replies (2) \| Respond to of 306849

I'm seeing the same build-up in inventory of homes and condos for sale in the Los Angeles MLS. In addition, while the number of homes for sale continues to increase, there is a faster decline in the number of homes in escrow. I think that a lot of folks who over-priced their homes to sell in the torrent of last summer are still hanging on to their hoped-for selling prices. That's what I'm seeing among the houses in my neighborhood in LA... On the other hand, we got our asking price within 5 days of listing, and that was only a month ago...our house was in the under-$300k category.