Thursday, August 30, 2007
Crashing Property Prices - Los Angeles
Here is another "bubble gone bad" - Los Angeles. Since August 2005, inventory is up 20 percent, while list prices are down around 7 percent. Inventory had been falling as the holiday season approached. Not that the decline did anything for prices. They just kept falling. Since the new year, inventory has been on the rise again.
Posted by Best at 8:43 AM