Anonymous_IHB
New member
<A href="http://www.latimes.com/business/la-fi-homesales20-2009feb20,0,7584906.story">http://www.latimes.com/business/la-fi-homesales20-2009feb20,0,7584906.story</A>
Southern California home prices fall to 2002 levels
- Thread starter Anonymous_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
asianinvasian_IHB
New member
Next stop: 1997
no_vaseline_IHB
New member
[quote author="asianinvasian" date=1235190372]Next stop: 1997</blockquote>
Who are you? What have you done with AI?
Who are you? What have you done with AI?
No_Such_Reality_IHB
New member
<img src="http://www.latimes.com/media/graphic/2009-02/45154274.jpg" alt="" />
Hey, look at that, looks like the average median has fallen more than 50%...
Hey, look at that, looks like the average median has fallen more than 50%...
freedomCM_IHB
New member
unfortunately, the CS index has not fallen like the median. just goes to show the pitfalls of using median/mean prices.
No_Such_Reality_IHB
New member
[quote author="freedomCM" date=1235213949]unfortunately, the CS index has not fallen like the median. just goes to show the pitfalls of using median/mean prices.</blockquote>
Through November, LA CS is down 36%, SD CS is down 39%. I doubt December and January saw price increases.
And if you add in Riverside and SB Counties where the real carnage was...
Through November, LA CS is down 36%, SD CS is down 39%. I doubt December and January saw price increases.
And if you add in Riverside and SB Counties where the real carnage was...
Trooper_IHB
New member
<em>Thornberg believes home prices have another 25% to 30% to drop. They may be historically low, but "in the past four or five months, unemployment has been through the roof," Thornberg said.
Fearing for their jobs, many potential home buyers are putting off a purchase. Others simply can't buy anything because they are already out of work.
Thornberg forecasts that California home prices will fall until the middle of 2010, when they will begin to slowly creep up.</em>
While I doubt the 2010 part, I like the 25/30% prediction !
Fearing for their jobs, many potential home buyers are putting off a purchase. Others simply can't buy anything because they are already out of work.
Thornberg forecasts that California home prices will fall until the middle of 2010, when they will begin to slowly creep up.</em>
While I doubt the 2010 part, I like the 25/30% prediction !
freedomCM_IHB
New member
[quote author="No_Such_Reality" date=1235224459][quote author="freedomCM" date=1235213949]unfortunately, the CS index has not fallen like the median. just goes to show the pitfalls of using median/mean prices.</blockquote>
Through November, LA CS is down 36%, SD CS is down 39%. I doubt December and January saw price increases.
And if you add in Riverside and SB Counties where the real carnage was...</blockquote>
yes, for november they are down to 175 in LA MSA (jan04), 155 in SD(jan03), and 135 in SF(apr02)
<strong>Not close to 2002 levels in SoCal...and for LA to return to 100 (jan2000), that means an additional 40% drop is still coming.</strong>
Through November, LA CS is down 36%, SD CS is down 39%. I doubt December and January saw price increases.
And if you add in Riverside and SB Counties where the real carnage was...</blockquote>
yes, for november they are down to 175 in LA MSA (jan04), 155 in SD(jan03), and 135 in SF(apr02)
<strong>Not close to 2002 levels in SoCal...and for LA to return to 100 (jan2000), that means an additional 40% drop is still coming.</strong>
No_Such_Reality_IHB
New member
[quote author="freedomCM" date=1235377826]
yes, for november they are down to 175 in LA MSA (jan04), 155 in SD(jan03), and 135 in SF(apr02)
<strong>Not close to 2002 levels in SoCal...and for LA to return to 100 (jan2000), that means an additional 40% drop is still coming.</strong></blockquote>
Patience Freedom, <a href="http://www.latimes.com/news/local/la-me-welfare22-2009feb22,0,4377048.story">20% in Los Angeles County receive Public Assistance.</a>
The bloodletting is just beginning.
yes, for november they are down to 175 in LA MSA (jan04), 155 in SD(jan03), and 135 in SF(apr02)
<strong>Not close to 2002 levels in SoCal...and for LA to return to 100 (jan2000), that means an additional 40% drop is still coming.</strong></blockquote>
Patience Freedom, <a href="http://www.latimes.com/news/local/la-me-welfare22-2009feb22,0,4377048.story">20% in Los Angeles County receive Public Assistance.</a>
The bloodletting is just beginning.