Was at the Mall in Escondido Yesterday, Seemed more full of lookieloo’s than anything else. Did not see a lot of people carrying bags of stuff, or many people actually at sales counters. But I did spend $75 on a three day time share Vacation.
Just saw this thought I would add.
Sales of existing homes fell in 38 states during the summer, led by steep declines in Arizona, Florida and California, as the once-booming housing market showed further signs of a steep slowdown.
The declines were the largest in once-booming areas of the country. Sales fell by 36 percent in Arizona; 34.2 percent in Florida and 28.6 percent in California.
In all, nine states had sales declines in the summer of 20 percent or more compared to the third quarter of 2005.
The weakness in sales also affected prices with 45 metropolitan areas experiencing price declines, according to a separate survey the Realtors did of 148 metropolitan areas.
The price survey showed that the median — or mid-point — price for an existing home sold in the third quarter dipped to $224,900, down 1.2 percent from a year earlier.
