SocraticGadfly: Economic silver lining in SoCal?

October 20, 2008

Economic silver lining in SoCal?

Home sales are up 65 percent, the biggest jump in decades.

Yes, most of it’s foreclosures, but they needed to come off the books sometime. And, at least some of the foreclosures are selling for more than asking price.

So, generally good news.

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