[techweenie]

Reports out laast week indicated the 'median' home price in the San Fernando Valley reached $500K last year!

My realtor friends say exactly what Tabs indicated: no shoppers for the past month, plus. Lots and lots of downward price revisions.

How far prices will need to implode before buyers come back is the big question on the West side of El Lay.

I'm sure this varies by area, though.

One additional economic data point is that retail sales took a big dive in June, with car sales being the lowest in 6 years. There's an 'unsettled' feeling that's not showing up in the Consumer Confidence numbers...