Dataquick's March Summary

It's the usual story: record sales in Southern California, but surprisingly, when adjusted for inflation, homeowner payments at $1983/month were still 8% lower than in 1989. Foreclosures in California are low, the single family median price for Southern California was $439,000. So far, the real estate bubble and subsequent crash isn't on the horizon--in fact, NAR president David Lereah believes the real estate market overall for the next 5 years will remain strong. Read DQNews - Southern California Press Release for more.