Homes sales down in L.A. County, prices increase

Full story: LA Daily News
Homes sales in Los Angeles County plunged 19.4 percent in July, compared to the same month a year ago, while prices increased 5.6 percent during the same period, a real estate information service reported today. Full Story
Ace

Glendale, CA

#1 Aug 17, 2010
I never should have bought that $700,000 fixer-upper in Pacomia 5 years ago.
Maury

Rowland Heights, CA

#2 Aug 17, 2010
Here we go again. Artificially increasing the prices of these homes when they're not even selling. Why is everything done backwards in this country? The same with the stock market. You have companies reporting record losses, mounting layoffs, unemployment, decline in retail sales. manufacturing etc.. and yet the market shoots up 150 pts.
Indiana BoltFan

New York, NY

#3 Aug 17, 2010
Only in the crooked real estate business can prices increase amidst declining sales.
When you have govt interventions galore, prcies are supported at levels people can't afford. Real Estate is artifically divorced from supply and demand.
zcarinsurance com

Garden Grove, CA

#4 Aug 17, 2010
it depends on if the banks lend money or not, that is it. it is easy to spend money if it is not your money

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