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How do you know that a Depression is over? One indicator is the status of the home buying market.
"The inventory of homes for sale in the Bay Area was up 50.9 percent in December from a year earlier, according to ZipRealty Inc.
The Emeryville company (NASDAQ: ZIPR) tracks home listings in 26 U.S. markets, and only San Diego grew so much, with 65.9 percent more homes listed at the end of 2010 than 2009."
Two major areas of California the Bay Arwa and San Diego had massive increases in the number of homes on the market. Maybe the rest of the nation is growing, California continues to spiral down the porcelain bowl--now that Arnold is gone maybe the flushing will stop?
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"The inventory of homes for sale in the Bay Area was up 50.9 percent in December from a year earlier, according to ZipRealty Inc.
The Emeryville company (NASDAQ: ZIPR) tracks home listings in 26 U.S. markets, and only San Diego grew so much, with 65.9 percent more homes listed at the end of 2010 than 2009."
Two major areas of California the Bay Arwa and San Diego had massive increases in the number of homes on the market. Maybe the rest of the nation is growing, California continues to spiral down the porcelain bowl--now that Arnold is gone maybe the flushing will stop?
More...