Supply side.(Residential Real Estate)(Brief Article)

From: Los Angeles Business Journal | Date: January 31, 2005| Author: Fixmer, Andy | Copyright information

When it comes to L.A.'s housing market, it's all about supply-side economics, said Robert Kleinhenz, a deputy chief economist with the California Association of Realtors.

December's 2.4 percent dip in the L.A. County median price from the previous month, to $463,450, had a lot to do with a slight rise in the number of homes put on the market, Kleinhenz says.

The increased supply eased pressure on buyers in the market and allowed for greater activity to take pl...

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