O.C. has 2-year supply of million-dollar homes for sale

[Anonymous_IHB]

Interesting article. I wonder how much is tighter bank lending, and how much is the difficulty of getting a down payment via the equity gain from selling the previous home ...



<A href="http://lansner.freedomblogging.com/2009/01/12/oc-has-2-year-supply-of-million-dollar-homes-for-sale/11544/">http://lansner.freedomblogging.com/2009/01/12/oc-has-2-year-supply-of-million-dollar-homes-for-sale/11544/</A>

 

[Strom_IHB]

[quote author="Anonymous" date=1231833732]Interesting article. I wonder how much is tighter bank lending, and how much is the difficulty of getting a down payment via the equity gain from selling the previous home ...



<A href="http://lansner.freedomblogging.com/2009/01/12/oc-has-2-year-supply-of-million-dollar-homes-for-sale/11544/">http://lansner.freedomblogging.com/2009/01/12/oc-has-2-year-supply-of-million-dollar-homes-for-sale/11544/</A></blockquote>


And how much of it is homes priced over a million when they should be priced in the $800k-$1MM range...or less.

 

[OC Zed_IHB]

[quote author="Strom" date=1231839854][quote author="Anonymous" date=1231833732]Interesting article. I wonder how much is tighter bank lending, and how much is the difficulty of getting a down payment via the equity gain from selling the previous home ...



<A href="http://lansner.freedomblogging.com/2009/01/12/oc-has-2-year-supply-of-million-dollar-homes-for-sale/11544/">http://lansner.freedomblogging.com/2009/01/12/oc-has-2-year-supply-of-million-dollar-homes-for-sale/11544/</A></blockquote>


And how much of it is homes priced over a million when they should be priced in the $800k-$1MM range...or less.</blockquote>


Which is the underlying reason for the lack of credit...