November 17, 2005

FLASH: New Home Sales Drop Sharply as Market Continues to Cool


Uh-oh! Ding-dong. Check mate. When do we get the plague and locusts? Cali is in trouble. I wish 'em well...

The latest figures on home sales in Sacramento give further evidence that the Northern California real estate market is slowing down.

A report from the California Building Industry Association shows new home sales in Northern California fell 40 percent during the past three months, compared to the same period last year. It's the sharpest such drop in the last 15 years.

1 comment:

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