Data quick shows 21.9% increase in So.Cal April Sales

[Multiplepropertyowner]

What is your take. There are a couple interesting thoughts in the LA Times forum underneath the article which are piggish in nature.
http://latimesblogs.latimes.com/laland/2008/05/a-bounce-in-apr.html

[(former)FormerSanDiegan]

The obvious point is made in the highlights of the article:

— Despite the increase from March to April, the April sales total was 19% below year-ago levels and reflects the weakest April sales total in 13 years.

So, we are seeing a seasonal increase in Sales in April, but still down about 20% from a year ago.

If there were seasonal adjustments, sales would look pretty flat.

[(former)FormerSanDiegan]

The obvious point is made in the highlights of the article:

— Despite the increase from March to April, the April sales total was 19% below year-ago levels and reflects the weakest April sales total in 13 years.

So, we are seeing a seasonal increase in Sales in April, but still down about 20% from a year ago.

If there were seasonal adjustments, sales would look pretty flat.

[(former)FormerSanDiegan]

The obvious point is made in the highlights of the article:

— Despite the increase from March to April, the April sales total was 19% below year-ago levels and reflects the weakest April sales total in 13 years.

So, we are seeing a seasonal increase in Sales in April, but still down about 20% from a year ago.

If there were seasonal adjustments, sales would look pretty flat.

[(former)FormerSanDiegan]

The obvious point is made in the highlights of the article:

— Despite the increase from March to April, the April sales total was 19% below year-ago levels and reflects the weakest April sales total in 13 years.

So, we are seeing a seasonal increase in Sales in April, but still down about 20% from a year ago.

If there were seasonal adjustments, sales would look pretty flat.

[(former)FormerSanDiegan]

The obvious point is made in the highlights of the article:

— Despite the increase from March to April, the April sales total was 19% below year-ago levels and reflects the weakest April sales total in 13 years.

So, we are seeing a seasonal increase in Sales in April, but still down about 20% from a year ago.

If there were seasonal adjustments, sales would look pretty flat.

[LA_Renter]

It looks to me the areas where home prices have fallen the most are seeing the most activity……go figure! I think we will see YOY sales declines all the way through August, then we are going against 2007 post credit crunch, so I think we will see a bottom in unit sales in 2008. I really don’t think they could fall much further, so far the decline in unit sales is far more severe than what we saw in the 90’s. I don’t see a V shaped recovery as most on this board don’t. Christopher Thornburg likened the current situation to the eye of a hurricane. The housing bust and credit crunch were the front wall of the hurricane, right now we are in the eye, the back wall will be the impact this whole debacle has had on the consumer and the economy. Home prices are falling pretty fast now, comps are being set, we still have to work our way through the balance of the foreclosures. Actually this report is good news for people sitting on the sidelines. Entering in 2009 – you could find a good deal, Entering in 2010 probably the best bet.

[LA_Renter]

It looks to me the areas where home prices have fallen the most are seeing the most activity……go figure! I think we will see YOY sales declines all the way through August, then we are going against 2007 post credit crunch, so I think we will see a bottom in unit sales in 2008. I really don’t think they could fall much further, so far the decline in unit sales is far more severe than what we saw in the 90’s. I don’t see a V shaped recovery as most on this board don’t. Christopher Thornburg likened the current situation to the eye of a hurricane. The housing bust and credit crunch were the front wall of the hurricane, right now we are in the eye, the back wall will be the impact this whole debacle has had on the consumer and the economy. Home prices are falling pretty fast now, comps are being set, we still have to work our way through the balance of the foreclosures. Actually this report is good news for people sitting on the sidelines. Entering in 2009 – you could find a good deal, Entering in 2010 probably the best bet.

[LA_Renter]

It looks to me the areas where home prices have fallen the most are seeing the most activity……go figure! I think we will see YOY sales declines all the way through August, then we are going against 2007 post credit crunch, so I think we will see a bottom in unit sales in 2008. I really don’t think they could fall much further, so far the decline in unit sales is far more severe than what we saw in the 90’s. I don’t see a V shaped recovery as most on this board don’t. Christopher Thornburg likened the current situation to the eye of a hurricane. The housing bust and credit crunch were the front wall of the hurricane, right now we are in the eye, the back wall will be the impact this whole debacle has had on the consumer and the economy. Home prices are falling pretty fast now, comps are being set, we still have to work our way through the balance of the foreclosures. Actually this report is good news for people sitting on the sidelines. Entering in 2009 – you could find a good deal, Entering in 2010 probably the best bet.

[LA_Renter]

It looks to me the areas where home prices have fallen the most are seeing the most activity……go figure! I think we will see YOY sales declines all the way through August, then we are going against 2007 post credit crunch, so I think we will see a bottom in unit sales in 2008. I really don’t think they could fall much further, so far the decline in unit sales is far more severe than what we saw in the 90’s. I don’t see a V shaped recovery as most on this board don’t. Christopher Thornburg likened the current situation to the eye of a hurricane. The housing bust and credit crunch were the front wall of the hurricane, right now we are in the eye, the back wall will be the impact this whole debacle has had on the consumer and the economy. Home prices are falling pretty fast now, comps are being set, we still have to work our way through the balance of the foreclosures. Actually this report is good news for people sitting on the sidelines. Entering in 2009 – you could find a good deal, Entering in 2010 probably the best bet.

[LA_Renter]

It looks to me the areas where home prices have fallen the most are seeing the most activity……go figure! I think we will see YOY sales declines all the way through August, then we are going against 2007 post credit crunch, so I think we will see a bottom in unit sales in 2008. I really don’t think they could fall much further, so far the decline in unit sales is far more severe than what we saw in the 90’s. I don’t see a V shaped recovery as most on this board don’t. Christopher Thornburg likened the current situation to the eye of a hurricane. The housing bust and credit crunch were the front wall of the hurricane, right now we are in the eye, the back wall will be the impact this whole debacle has had on the consumer and the economy. Home prices are falling pretty fast now, comps are being set, we still have to work our way through the balance of the foreclosures. Actually this report is good news for people sitting on the sidelines. Entering in 2009 – you could find a good deal, Entering in 2010 probably the best bet.

[HereWeGo]

I don’t know, this seems like a great opportunity for investors to buy distressed, unoccupied properties, renovate those properties, and then, most important of all, put them on the rental market. En masse, preferably.

[HereWeGo]

I don’t know, this seems like a great opportunity for investors to buy distressed, unoccupied properties, renovate those properties, and then, most important of all, put them on the rental market. En masse, preferably.

[HereWeGo]

I don’t know, this seems like a great opportunity for investors to buy distressed, unoccupied properties, renovate those properties, and then, most important of all, put them on the rental market. En masse, preferably.

[HereWeGo]

I don’t know, this seems like a great opportunity for investors to buy distressed, unoccupied properties, renovate those properties, and then, most important of all, put them on the rental market. En masse, preferably.

[Author]

Posts