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

To: Live2Sail who wrote (43452)	10/21/2005 1:21:28 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

28% 28% of what? The difference between the yearly turnover ratios for CA and the rest of the country? Turnover for the whole country reached 5% in the last few years but that figure includes CA. Turnover ratios are figured by dividing the number of existing homes sold by the total housing stock in a given year. If CA is 28% lower than the rest of the country then it means the US without CA is higher than 5%, a lot higher than 5%.... which is doubtful since 5% is a figure reached rarely. At the height of the Japan bubble, 5% of the housing had turned over in the previous 5 years (as opposed to the one year we use to calculate turnover ratios). Consider that CA accounts for a huge percentage of US existing home sales as measured by units and sales totals every single year. How did you come up with the 28% figure?