the visible hand

it is the theory which decides what can be observed – einstein

LA: August Home Sales Take a Major Plunge

Posted by ecoshift on September 10, 2007

August Home Sales Take a Major Plunge
REAL ESTATE: Despite dropoff, median prices are holding steady.
Los Angeles Business Journal Online

By HOWARD FINE
Los Angeles Business Journal Staff

The expanding mortgage crisis and credit crunch slammed the Los Angeles housing market in August, with home sales plunging 50 percent from the same month last year and 25 percent from July.

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