How much damage do people need to see? The first big shoe just dropped yesterday. APRIL was HORRIBLE !
Here are the numbers:
California Total # of Sales (-28.5%) Y.O.Y
California Total # of Sales (-12.2%) MONTHLY DECLINE !
(12 year LOW)
So. Cal Total # of Sales (-28.9%) Y.O.Y
So. Cal Total # of Sales (-11.8%) MONTHLY DECLINE !
Year over Year figures are the best figures to look at here. However, the MONTHLY DECLINES are ESPECIALLY TROUBLING, considering sales are SUPPOSED TO INCREASE through Spring, BEFORE Summer.
June Numbers will Worsen… Lending is tightening, ARMS resetting, RE FRAUD, Swelling Inventory etc., etc, etc…I believe we are at THE TURNING POINT where SIGNIFICANT PRICE DROPS will begin occuring ALL OVER THE SOUTHLAND. Once the MSM sinks their teeth into this, they will milk it all summer long, making it worse and worse and worse.
Can’t spin the Month to Month figures anymore.
Can’t barely spin the Median (B.S.) figures anymore.
Can’t spin the Year over Year figures anymore.
Can’t spin JACK !
Even Bernanke is now TRYING to do DAMAGE CONTROL with Subslime. He knows his ship is sinking..
CHECKMATE !!! NAR, CAR, NAHB, Mortgage Brokers, Banks, & RE Agents. GAME OVER…
June Numbers will Worsen… Lending is tightening, ARMS resetting, RE FRAUD, Swelling Inventory etc., etc, etc…I believe we are at THE TURNING POINT where SIGNIFICANT PRICE DROPS will begin occuring ALL OVER THE SOUTHLAND. Once the MSM sinks their teeth into this, they will milk it all summer long, making it worse and worse and worse.
Can’t spin the Month to Month figures anymore.
Can’t barely spin the Median (B.S.) figures anymore.
Can’t spin the Year over Year figures anymore.
Can’t spin JACK !
Even Bernanke is now TRYING to do DAMAGE CONTROL with Subslime. He knows his ship is sinking..
CHECKMATE !!! NAR, CAR, NAHB, Mortgage Brokers, Banks, & RE Agents. GAME OVER…
This is all inevitable however what we should be concerned is the fallout. These types of statistics cannot be good for employment and that affects all of us.
This is all inevitable however what we should be concerned is the fallout. These types of statistics cannot be good for employment and that affects all of us.
