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.

No comments: