O.C. has 2-year supply of million-dollar homes for sale

[Anonymous_IHB]

Interesting article. I wonder how much is tighter bank lending, and how much is the difficulty of getting a down payment via the equity gain from selling the previous home ...

http://lansner.freedomblogging.com/2009/01/12/oc-has-2-year-supply-of-million-dollar-homes-for-sale/11544/

 

[Strom_IHB]

Interesting article. I wonder how much is tighter bank lending, and how much is the difficulty of getting a down payment via the equity gain from selling the previous home ...

http://lansner.freedomblogging.com/2009/01/12/oc-has-2-year-supply-of-million-dollar-homes-for-sale/11544/

And how much of it is homes priced over a million when they should be priced in the $800k-$1MM range...or less.

 

[OC Zed_IHB]

Interesting article. I wonder how much is tighter bank lending, and how much is the difficulty of getting a down payment via the equity gain from selling the previous home ...

http://lansner.freedomblogging.com/2009/01/12/oc-has-2-year-supply-of-million-dollar-homes-for-sale/11544/

And how much of it is homes priced over a million when they should be priced in the $800k-$1MM range...or less.

Which is the underlying reason for the lack of credit...