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California Home Sales Up 18% in May »

Posted by: chapelhillNC 1 month, 3 weeks ago

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Finally some good news in real estate. According to a recent report by a local California real estate group, home sales were up 18% in May.

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philforhumanity1 month, 3 weeks ago

not sure I believe it.. what caused it?
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  chapelhillNC1 month, 3 weeks ago
  
  Lower prices (desperate sellers and depreciation), shift to short sells (desperate banks), and smart/ambitious buyers. These buyers are either banking on the fact that the market is at a low point and/or that they are capitalizing on a great deal due to the aforementioned market concerns.
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normallysilent1 month, 3 weeks ago

well when you haven't been selling ANYTHING,
It doesn't take much to show a BIG increase does it?
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simonsez1 month, 3 weeks ago

Don't be puttin out good news stories ... we don't want to hear it!
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