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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Bay Area home sales slow, prices flat.
Posted on 11/16/2006 05:08 AM | Link | Post Comment
DataQuick on the Bay Area's October sales ...
• Last month's sales count was the lowest for any October since 2001 when 7,867 homes were sold. An average October has 8,445 sales in DataQuick's statistics, which go back to 1988. The range is from 5,767 in 1994 to 11,728 in 2003.
• The median price paid for a Bay Area home was $614,000 last month, up 0.5 percent from September's $611,000, and unchanged from October last year.
QUOTE: "The market is in the midst of its post-frenzy rebalancing phase. The sky is probably not falling, as some have predicted. But there will be those who bought near or at the peak, and who could find themselves in financial trouble if they need to sell and move sooner than they had planned." — Marshall Prentice, DataQuick president
To read more CLICK HERE
Housing Bubble and Real Estate Market Tracker
on Nov 15th, 2006 in Market Overview by Judy Weil
• Last month's sales count was the lowest for any October since 2001 when 7,867 homes were sold. An average October has 8,445 sales in DataQuick's statistics, which go back to 1988. The range is from 5,767 in 1994 to 11,728 in 2003.
• The median price paid for a Bay Area home was $614,000 last month, up 0.5 percent from September's $611,000, and unchanged from October last year.
QUOTE: "The market is in the midst of its post-frenzy rebalancing phase. The sky is probably not falling, as some have predicted. But there will be those who bought near or at the peak, and who could find themselves in financial trouble if they need to sell and move sooner than they had planned." — Marshall Prentice, DataQuick president
To read more CLICK HERE
Housing Bubble and Real Estate Market Tracker
on Nov 15th, 2006 in Market Overview by Judy Weil
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