San Diego real estate investors . . . ‘Know when to fold them’
By Bob Schwartz, CRS, GRI ©2006 www.brokerforyou.com All rights reserved.
The Commerce Department reported Monday that sales of new single-family homes dropped by 5 percent to a seasonally adjusted annual rate of 1.233 million units last month.
More importantly, this is the second time in three months that housing sales have dropped! This 5 percent drop was under the 7 percent November drop.
Another important fact that this report showed was a 5.2 month supply of new homes in January. This is up 2.5 percent from the December ’05 figures and an astounding 20 percent from the same figures one year ago (January ’05)!
AbOUT THE AUTHOR Bob Schwartz, is a Certified Residential Specialist, and a CA licensed San Diego real estate broker with. Bob has over 27 years of residential real estate experience, authored a number of published articles and served as an expert witness for San Diego lawyers. You can contact Bob via his highly popular San Diego real estate website.---This work is protected under copyright and may not be published in other works without express written permission from Promotions Unlimited or the following procedures are implemented: Please feel free to publish this article (as long as no changes are made (all hyper-links to remain and not be modified in any way) and the author's name and site URL's are retained) in your ezine, newsletter, offline publication or website. A copy would be appreciated at seo711@gamil.com
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