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Look-See At Los Angeles Inventory; Price Outlook

(Graph via the WSJ)

Related info in WSJ's round-up of U.S. inventory/prices: Flatlander traders give their prediction. "Traders on the CME [Chicago Mercantile Exchange] expect home prices in 10 major cities to drop an average of about 10% from mid-2007 to November 2011, according to an analysis by Tradition Financial Services Inc., New York, of prices for housing futures traded on the exchange."
· Home-Price Outlook Takes Another Hit [WSJ]