Wednesday, September 10, 2008

"Inventory in Los Angeles County is declining..."

...and the real picture:

Yes, technically it is declining, and sales are up, but if you step back and look at the full picture, you realize how tiny these movements are, and how deep in the doo-doo the market still is. Not to mentions that the Option ARM loan resets have barely started to make their effects felt.

(Graph from

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