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September Sales in LA: Slowest Since 1988

Not to pile on the bad news, but this morning, DataQuick released its September numbers: Sales of new and resell homes were down 29.9 percent from August and down 48.5 percent from a year before. Blaming the jumbo mortgage fall-out, DataQuick analysts say September was the slowest sales month since at least 1988. Read the whole press release here. More reaction from the LA Times, blog LA LA Land, and San Diego Tribune.
· September Southland home sales lowest in more than 20 years [DataQuick]