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

To: Mike Johnston who wrote (24762)10/23/2004 5:40:19 PM
From: Elroy JetsonRead Replies (2) | Respond to of 306849
 
There has not been any big change in inventory recently, at least in Los Angeles County, but the homes that are for sale have not been selling.

A big decline in sales volume means a big decline in brokerage commissions.

A big decline in sales commissions prompts brokerages to spend more on advertising to try to generate more volume.

Advertising is paid for primarily for the benefit of the brokerage, not the home seller or buyer.



To: Mike Johnston who wrote (24762)10/23/2004 8:52:38 PM
From: ildRespond to of 306849
 
IMO we see brokers warring. People are not warring, yet. Current prices in LA area are about 5% lower than the top in May-June. If prices don't go up from here then in April we'll have negative YoY price growth which will be contrary to all theories about land shortage, RE shortage, etc.


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