REAL ESTATE SALES UP 84% IN CALIFORNIA

New CAR Report: Sales Up 84% Prices Down 41%

By Rich Johnson

Rich is the office manager for Windermere Exclusive Properties at the Forum in Carsbad

January 27, 2009 – 8:24 pm

Have you read the CAR report released today about December year over year sales numbers? Home sales increased almost 85% in December 2008 vs. December 2007! Prices dropped 41% though, for the same December 2007 vs. December 2008 time period.

So what does this really mean? How can it help you with the buyers and sellers you’re working with? Read the full report here.

The Associated Press: Billions more needed for financial rescue

Looking ahead, I am not convinced this additional bail out is what the country needs. Now part of Obama's stimulus package plan if adopted may include covering the bank's bad debt at tax payer's expense. All this while we read reports of the Merrill Lynch CEO (just recently fired), now a Bank of American subsidiary, giving his office a face lift last year at the tone of $1 million plus, and now another bank was reported as planning on taking delivery of their new corporate jet valued at $53 million. Shouldn't they be accountable? I think we have a problem.

The Associated Press: Billions more needed for financial rescue