"Southern California slowed for the sixth month in a row in May, falling 11.7 percent compared to May 2005. It was the region's lowest sales total for the month since May 1999, according to DataQuick Information Systems, a real estate information service."
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Here's a quote I found that entertaining.
"We expect recovery of business next spring, with further improvement in the fall."
--Harvard Economic Society, November 10, 1929
"Strong household growth, combined with record incomes and wealth, will lift housing investments to new highs next decade," Eric Belsky, executive director of center, said in the news release. "Each generation is achieving higher homeownership rates, incomes, and wealth than the one ahead of it, with the leading edge of the echo baby boom now in their 20s and the baby bust now in their 30s starting off on especially high paths. This is despite the fact that each younger generation has successively higher shares of foreign-born and minority household heads with lower average incomes than same-age native-born whites."
---Eric Belsky, Executive Director of Harvard's Joint Center for Housing Studies June 13, 2006
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