Monday, August 15, 2005

Spin

You just gotta love the spin that the RE bulls put in to this article from the LA Times; the SoCal markets are slowing big time yet it's all good news! This article raises so many red flags it's not even funny:
Red flag: "Southern California home prices hit new highs in July for the sixth consecutive month, even as pockets of slowing became more evident in certain parts of the region."

Red flag: "...the rate of appreciation has been essentially flat since the spring."

Red flag: " At the same time, the pace of sales continues to slow."

Red flag: ""Prices there are crossing the threshold at a much slower pace, but they're still crossing,...""

Red flag: " The Inland Empire also has started to see its torrid pace of price increases start to lose some steam."

Red flag: ""These things go in incremental baby steps and this is what you would expect to see in a normal real estate cycle,...""

1 Comments:

Anonymous Anonymous said...

""We're just sitting here with bated breath watching the numbers coming in to try to figure out what's going on," said John Karevoll, DataQuick's chief analyst."
Highly ironic...if people can't read between the lines...

Aug 15, 2005, 2:54:00 PM  

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