Ho-hum housing. (Real Estate).Forget the recently released data showing strong existing home sales Existing Home Sales An economic indicator of both the number and prices of existing single family houses, condos and co-op sales over a one-month period. Released monthly by the U.S. in November - housing activity has peaked, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report from Straszheim Global Advisors, which is projecting slowing home sales in 2003. "When mortgage rates start to rise with a better economy later in 2003 and in 2004, housing activity can be counted on to slip," said Donald H. Straszheim, president of the Santa Monica firm. The strong housing market held the wider downturn in check, he said, but that cushion has a flip side Flip side In the context of general equities, opposite side to a proposition or position (buy, if sell is the proposition and vice versa). : no decline means no rebound, which stands to temper an overall recovery. The report also found that last year's nationwide 11 percent gain in existing home prices was not likely to be sustained. "We see gains around 4 percent to 6 percent in 2003," Straszheim said. Staff reporter Danny King can be reached at (323) 549-5225 ext. 230, or at dking@labusinessjournal.com. Shelley Garcia of the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. Business Journal, and Daniel Williams of the Orange County Business Journal  An editor has expressed concern that this article or section is .Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and , contributed to this column. |
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