i put this on a thread but I thought it would be appropriate here;
I know this blog focuses on San Diego but I just came across this graph for the San Fernando Valley. I have to admit it took me by surprise. I didn’t realize sales had basically fallen off a cliff to this degree.
Sales for Single Family homes during April and May were the lowest recorded ever dating back to 1984. They were substantially below April/May sales during the infamous downturn of 90 – 93. Wow! This thing is really starting to hit in LA, finally.
