Here is DataQuick's March update on southern California counties' median prices and numbers sold (click to enlarge). Overall it's more of the same - prices are a little up or down, not yet reflecting what's happening in loans, while volumes continue to fall. Note this includes their new-methodology revisions to Jan-Mar 2006.
2 comments:
Can you elaborate on what you mean by "not yet reflecting what's happening in loans"? Do you mean that loan volumes are down? Foreclosures are up? Thanks.
hI think that phrase may be referencing all of the tightening going on in the lending market...higher down payments needed, tighter appraisals, better credit scores needed, etc.
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