Wednesday, April 25, 2007

Median Schmedian: New Post At Native Intell


Confused by today's housing numbers that say sales are down, but prices are up? Sometimes the numbers even confuse the experts.

From a new blog post at Native Intelligence:
There's been a lot of discussion lately about the American Dream in Los Angeles. Renters are worried about condo conversions, rent stabilization is being discussed more, and, of course, housing prices continue to top the headlines.

But what's gone unnoticed is last year's mysterious 11-percent increase in the affordability of housing, as reflected in the California Division of Housing Policy Development's 2007 report titled "California’s Deepening Housing Crisis..."
Is this the pop of the housing bubble so many people were talking about a couple years ago? Read the rest of the post at Native Intelligence.


— TJ Sullivan in LA

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