Relevant:
- Existing Home Sales Fall 2.6% to 4.86 Million in June
- Mr. Mortgage: August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home Sales’ Preview
- Sept SoCal Home Sales - You Can’t Read the Headlines!
- Mr Mortgage: June Home Sales Report & Preview for This Week’s ‘Official’ Reports
- Housing: Cash Sales Continue Year-over-Year Retreat
2008-09-01 — ml-implode.com
"Last month home sales surged in many states around the nation especially in CA where they jumped to 39,500, up 12.2% June. However, values also fell 3%, foreclosures ran over 30k units and foreclosure-related sales as a percentage of total sales surged to 45%. This means ‘organic’ sales were running in the 20k range, the slowest July in recent history."
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