New home sales had a slght uptick from June (a horrible month, they are still way down from last year which was a bad year). Inventories peaked this time last year in San Diego, this has been predicted by many on Piggington including the resident realtors.
The data that will be rolling in starting Sept will be of the most interest. We will begin to see the impact of the credit crunch then. This is a whole new ball game.
