Los Angeles Basin new home sales volumes rose 24 percent third quarter, 2008

WEBWIRE – Monday, October 06, 2008 MarketPointe™ Realty Advisors, Inc. NEWS Contact: Russell T. Valone II FOR IMMEDIATE RELEASE LOS ANGELES BASIN NEW HOME SALES VOLUMES ROSE 24 PERCENT THIRD QUARTER, 2008 Los Angeles, California, reported by MarketPointe™ Realty Advisors, Inc. ResidentialTrends™ third quarter publication - The new home sales roller coaster saw an ascent this quarter, as sales volumes rose 24 percent in the Los Angeles basin. “The one thing we can truly say about the Los Angeles Basin submarket of late is it refuses to follow a trend up or down” said Russ Valone, President, MarketPointe™ Realty Advisors, Inc. The first quarter of 2008 provided a glimmer of optimism as the three quarter downward trend reversed itself and new home sales volume increased. The glimmer of optimism was muted in the second quarter as... [read full story]