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


To: russwinter who wrote (33873)6/4/2005 2:53:44 PM
From: ild  Read Replies (3) | Respond to of 110194
 
In Orange County, CA inventory for sale is about 20% lower than it was last year at this time, so there's a slowdown in sales. Affordability index is at 10%. Prices are up 5-10% over last year's peak.

IMO we'll first see slowdown in areas with lots of construction (and speculation) like Vegas, Florida, San Bernardino/Riverside, Sacramento, Arizona. From there the slowdown will feed back to established areas.



To: russwinter who wrote (33873)6/4/2005 10:55:58 PM
From: John Vosilla  Respond to of 110194
 
Inventory for sale of existing single family where people want to live due to schools and jobs is way down in most high growth sunbelt bubble markets. The condo speculation and probably the condo conversions when they hit the market, whether it is San Diego or Miami, is a different story.