Market Sales Eased in July

While the price of a single family home continued to rise, July sales in Southern California slowed somewhat from June's record-breaking tempo. While there are frequent predictions of a real estate bubble bursting, DQNews isn't making that prediction as of now. Today's article about the slowing of sales in the Los Angeles Times Business Section also talks about pockets of the market that move up or down more slowly than others. All in all, the typical monthly mortgage payment was month in Southern California was close to $2100, up from $1850 a year ago.