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Could the Bottom Be Near? |
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Written by Joe Cadelago
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Tuesday, 12 May 2009 09:38 |
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Could the Bottom Be Near?
Latest New Home Report from the Building Industry Association
and Hanley Wood Market Intelligence Shows Sales Increases in All LA County Submarkets Except for West L.A.
Speculative Inventory Also Continues to Decline
May 7, 2009 (SANTA CLARITA, California) – Due to a combination of federal and state tax incentives, low interest rates and fewer discounted foreclosures than in other parts of California, sales of new homes in metropolitan Los Angeles County continued to rise for the second consecutive month, which some analysts think could mean that the bottom for new home sales occurred in January of 2009.
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Last Updated ( Wednesday, 13 May 2009 10:15 )
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