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Author Topic: Guess how many homes prices above $750k managed to sell in July?  (Read 501 times)
Letsbereal
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« on: August 26, 2010, 05:42:23 PM »

Rosenberg Explains Why Not One New Home Priced Over $750,000 Sold In July
26 August 2010
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/rosenberg-explains-why-not-one-new-home-priced-over-750000-sold-july

Excerpt:

Answer — zero, nada, rien; and for the second month in a row!
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Jackson Holly
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« Reply #1 on: August 26, 2010, 08:37:50 PM »



UNBELIEVABLE! $750 grand will only get you a two bedroom shack in many markets!

And the article said only about 1,000 houses over $500 Grand sold.   Huh

HOLY COW!

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citizenx
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« Reply #2 on: August 26, 2010, 08:40:44 PM »

I'm guessing quite a few of those are in CA.  That means the LA/SoCal market was about dead.

Wow.
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phosphene
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« Reply #3 on: August 26, 2010, 08:47:16 PM »

thats fine. housing pricing has been outrageous forever. let the prices fall.
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« Reply #4 on: August 26, 2010, 09:03:47 PM »

thats fine. housing pricing has been outrageous forever. let the prices fall.

Hey ... I guess you don't own  house.   Wink

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