More DataQuick Numbers for April
DQNews has posted the DataQuick "total" numbers (resale houses/condos and new homes) for April 2006. The following shows the percent change in median sales price from the prior year.
- Sacramento County: 2.86%
- Placer County: -0.53%
- El Dorado County: 7.38%
- Yolo County: 1.47%
3 comments:
come now renter! we won't see sales this good again for years!
Goldman Sachs posted a note for clients yesterday that said they are forecasting the economy to cool end of 06 and into 07, which will cause the long end of interest rates to decline a little, flattening the yield curve, and the Fed to pause.
Extrapolating what GS said, if the job losses are moderate and interest rates back off a little, then this could bring the soft landing many are hoping for. OTOH, if Bernanke overshoots and raises rates too high, R.E. will sell off hard and economy goes into recession.
"then this could bring the soft landing many are hoping for."
Nice try. 10 year bonds going from 5.10% down to 4.9% mean nothing when your neg-am I/O resets and doubles your already-stretched payment.
See you on the other side.
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