O.C. can't shake slump. Fresh data on pending sales, price risk and index trading confirm a slowdown. Orange County's home-sale lethargy won't end soon. New data further cement the idea that skittish shoppers continue to ponder – not purchase. It's become an unnerving trend in a town spoiled by real estate's nine-year winning streak. A shrinking number of home deals in the works all but guarantees that a streak of seven consecutive months of year-to-year sales declines will likely be extended this summer. Potential buyers are no doubt spooked about the possibility that local house prices may decline. And commodity traders are backing such a pessimistic hunch with their own dollars. Whether this enduring malaise turns into a more serious ailment remains to be seen. But the summer's clearly off to a sluggish start. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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