Oh shivers, a MULTIPLE metaphor-laden quote from Jack Kyser in story about home sales dropping in California. "The pendulum has definitely swung in [buyers'] favor. And (interest) rates are still pretty attractive, and if you qualify you can go out armed and dangerous and find out how motivated the seller really is," he said.
Kyser is quoted in the Daily News, which serves up more data to hurt our heads: Home sales in California dropped 20.8 percent in March, the result of rising mortgage rates and tighter lending standards. But the median price of a previously owned house increased an annual 3.2 percent to $580,090.
In Los Angeles County, the median price rose an annual 2.6 percent to $571,110 and sales dropped 4.6 percent from a year ago, but here's more dramatic data: sales dropped 55.2 percent from February. Open houses shunned in favor of a nap in March?
· State home sales plummet [Daily News]