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

To: ild who wrote (36935)	7/25/2005 3:34:21 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Umh, don't know what to tell you, as OC has to be one of the most bloated in Calf. Here's what the rest of the state looks like. Again on the purchase side of the equation, let's key on closes, not just contracts and sales.(): thehousingbubble2.blogspot.com Yet, even with the high turnover, inventory grew significantly. "C.A.R.’s Unsold Inventory Index for existing, single-family detached homes in June 2005 was 2.7 months, compared with 1.7 months (revised) for the same period a year ago. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate." "'Inventory levels in recent months were nearly double that of a year ago,' said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. 'This has contributed to the increased pace of home sales in the presence of continued strong demand for housing in California.'" () From MER's Rosenberg, National Association of Realtors data show 23% of home sales in the past year were "investor" (read: speculative) based; another 13 were second property. • A proxy for speculative buying, he reports, namely units sold but not yet started, are up 47%, year over year, a record high.