Author: Alan

Los Angeles County Market, California, Home Sales Pace is Down 0.4%

Los Angeles County Market, California, Home Sales Pace is Down 0.4%

Soaring mortgage rates, inflation forecast downturn despite third-quarter growth, and a slew of new home sales forecasts today put homebuilders in a tight spot.

That’s why they’re rushing to put more stock in the performance of their properties, and to start thinking about new developments, and more.

Nationally, we’ve now set a third quarter home sales pace of 8.9 million, up from 8.3 million.

But in Southern California, where home sales remain more of a trickle, that pace remains 6.5-million, or 6.03%, below last year.

In this region, sales are still down 0.4% from last year, but down for the year, we’re down 0.3% for the year.

It’s tough to be the first quarter in Southern California, where it’s been a long time since activity has picked up. And a lot of this is driven by the slowdown in the housing market due to the recession.

California median home sales are expected to decrease by 0.1% this year. And this region has actually seen a double-digit decline in sales.

The second quarter has had some encouraging signs of new home sales, but it’s still a big concern that the housing market in the state is still down and the market is still shrinking.

That’s just one point on the home show room floor is still very subdued to be sure.

But the trend in the market today is a bit confusing, we’ll have to wait for new home sales to start to get a more bullish picture.

The third quarter, we will have just had the annual report for California. And it’s a bit of a mixed bag, but we’ll have to wait to find that out at the end of the month.

But in Los Angeles County, California, the 3rd quarter is starting a bit better still.

In the Los Angeles County Market, California, we’ve set a 3rd quarter sales pace of 8.3 million. That’s up from 8.08 million, but below last year’s pace, 8.4 million.

The year-over-year decline was 0.2% and that’s actually the largest percentage decline in Southern California in more than a decade. And the Los Angeles County market is still shrinking, even having been in the doldrums for years.

Leave a Comment