Southern California home sales climb in July

nyc?

Who cares? Why are you wasting my time????

For the same reason others compare Miami South Beach with NYC...Why is that comparison not a waste of time???

wow steveeasy, you are DEFENSIVE, why?

and why does someone else wasting time make it ok to waste time?

Did anyone bother even skimming the actual article? Sales volume is CA is up while prices are down, largely due to foreclosures. SteveEasy, what point were you trying to make?

"Foreclosures accounted for 43.6 percent of all resold properties in Southern California last month, up from 7.9 percent in July 2007 and a revised 41.8 percent in June. Foreclosures were at record highs and continue to be the dominant factor driving sales, MDA DataQuick said."

This is the turn around. It's official, the crisis is over. It never ceases to amaze me, how little people understand, how economies work. I hope people think twice before listening to some on this site.

"and why does someone else wasting time make it ok to waste time?"

Are you implying that comparing South Beach to Manhattan is a waste of time? don't tell stevejhx/eddiewilson..

This is a funny one. The guy posts the article, and completely misses the point, and instead points out what is a blatanly misleading title.

"Foreclosures accounted for 43.6 percent of all resold properties in Southern California last month"

When half of all sales are foreclosure, the market is toast. Case closed.