CALIFORNIA NEW HOME SALES DECLINE 30 PERCENT IN 2007
The pace of new-home sales across California fell more than 30 percent in 2007 compared with 2006, according to recent data from the California Building Industry Association (CBIA). Its January report showed sales of single family homes dropped by 29.7 percent, with new home and condominium sales during 2007 totaling 61,861 compared with 89,773 the previous year. San Diego CA real estate
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4 Comments
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Stagflation is the problem going forward, not recession. If our gdp is 70% consumer spending, there is no value added to the society. The big muckimucks of wallstreet should consider how to invest in areas that increases value and not just consumer spending!! That is what will take out of stagflation.
Beren
Acne Dermatology
How do you hedge in the market against falling house prices?
Mary
San Diego vacations
We have excessive real wealth that is burnt away by the finance industries in sucking real good money after worthless assets. Energy, Commodities hit so high that pull the carpet from under everyone’s feet.
Margaret
San Diego California Real Estate
If I predict recession every year I will get it right eventually.My understanding of economics is that something either goes up or it goes down. There are 50-50 odds to guess right. Some may guess 60% right but will eventually revert back to the mean. Its too bad this is a time when the system has been raped for every nickel and dime for the next few years.
Mitch
San Diego California Real Estate