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

To: CalculatedRisk who wrote (34319)6/24/2005 3:21:19 AM
From: FrozenZRead Replies (1) | Respond to of 306849
 
For every article like that I can find 2 like this:

Friday, June 24, 2005
"The median price of a home in Los Angeles County rose above $500,000 for the first time in May as prices hit record levels across the region and the state, a trade group said Thursday."


dailynews.com



To: CalculatedRisk who wrote (34319)6/25/2005 11:13:34 AM
From: Wyätt GwyönRespond to of 306849
 

OK, over 8 months supply ... that is tough to get out.

we wouldn't expect a straightaway collapse, would we? more like a 5- to 7-year ooze which builds up a head of steam in years 3-4.



To: CalculatedRisk who wrote (34319)6/26/2005 2:41:37 AM
From: mishedloRead Replies (1) | Respond to of 306849
 
where do you see 8 months supply?

Mish


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