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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (18326)	9/2/2004 5:40:40 PM
From: ild	Read Replies (1) \| Respond to of 110194

Any stats for LA county? Based on my data I see that inventory in Riverside and San Bernardino is still not high.

To: Elroy Jetson who wrote (18326)	9/2/2004 7:27:40 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 110194

NS what I have never seen happen before is this spike of inventory increase. In San Diego, the number of listing doubled in ONE MONTH. True, the number of listings was extremely low before the spike, which is also historically unheard of. What happened in 1990 was a GRADUAL increase in listings but an almost immediate halt of sales. Actually it was more like late summer of 1989. I still remember one Monday morning when I went to work and the phones were not ringing off the hook like previous Mondays. Today, in spite of a huge spike in listings, my informal channel checks tell me that sales are still going on, not sure if the number has declined too much. In addition, prices are no longer appreciating but it is unclear if they have actually come down.