Tuesday, August 14, 2007

Los Angeles Times: LA Land Blog : The rapidly changing landscape of the Los Angeles real estate market: "Southern California home sales continued to slump in July, falling 27% from year-ago levels, and are now running 54% below peak levels reached in July 2003, DataQuick reported today. Some industry experts have warned that August sales may be even weaker, given the widening credit squeeze that has spread to non-subprime mortgages."

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