10/14/2004

Home Prices in L.A. Flatten

This Los Angeles Times article (10/13) will only stay online for a couple of days, it draws largely from Dataquick's stats on Los Angeles County/Orange County home sales for the last three months. Home sales have slowed, in some areas more than others, partly a sign of the time of year, partly due to the upcoming election, and a lot due to .... what? Interest rates are still fantastic, but may rise to as much as 7% by the end of 2005 (a CAR prediction by economist Leslie Appleton-Young), but home prices have remained where they are throughout the summer. However, as this article points out, there is no great decline in the median price for the area. Read here while you can:Home Prices in L.A. Flatten

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