Sunday, September 25, 2005

Housing bubble, sales slow.

A study conducted by Wharton
School of Business
(at the University of Pennsylvania) from 1980 to
2004, found recent increases in home prices are not the result of a
real estate bubble. Increases in price where explained by basic
economic fundamentals such as high income growth and low interest
rates. No evidence was found that indicated home buyers were bidding up
prices bases on unrealistic expectations of future growth. (thats
because they read my posts)

Also according to a href=",1,3168927.story?ctrack=1&cset=true">Los
Angeles Times report today, the median home price in California is
expected to increase by 10% in 2006. Sales are expected to reach
630,610 units, a loss of 2% from this time last year. There is a
continuing shortage in housing here in California which fuels the
double digit gain researchers are expecting.

Next Wednesday, September 28, 2005 - the Los Angeles County Board of
Real Estate will hold a real estate fair from 8:30 am to 1:30 pm at the
Kenneth Hahn Hall of Administration. The address is href="">500
W. Temple St., Los Angelehref="">s,
Ca. 90012. (links to mapquest). There are lots of good information at
these events and I encourage you to go. Just stay away from the
Realtors, they may swipe your wallet.


A reminder, I will still donate 51% of all earned commission to the
victims of Hurricane Katrina - if you employ me before the end of the
year. Call or e-mail
for details.

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