Supply side.When it comes to L.A.'s housing market, it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have all about supply-side economics supply-side economics, economic theory that concentrates on influencing the supply of labor and goods as a path to economic health, rather than approaching the issue through such macroeconomic concerns as gross national product. , said Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Kleinhenz, a deputy chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the with the California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Association of Realtors. December's 2.4 percent dip in the L.A. County median price from the previous month, to $463,450, had a lot to do with a slight rise in the number of homes put on the market, Kleinhenz says. The increased supply eased pressure on buyers in the market and allowed for greater activity to take place. Accordingly, December sales were 7.8 percent higher than November and 1.5 percent higher than the year before. The supply of homes compared with the level of demand is so tight that even the slightest increase or decrease registers almost immediately, Kleinhenz said. The association measures the supply by creating a ratio of the number of homes sold in a month compared to the total supply on the market. At the beginning of 2004, there was a 1.2-month supply of homes on the market--not the lowest amount recorded but close. During those early months of the year there was the greatest appreciation in values, and the median priced home in L.A. County topped $425,000. By August, the inventory of homes swelled to a nearly 6-month supply, allowing prices to hover An option in Microsoft Internet Explorer that removes the permanent underline from hypertext links. The underline displays automatically and only when the cursor is placed over (hovers over) the link. Hover is available in Tools/Internet Options/Advanced/Underline links. relatively unchanged for several months. By November, the supply of homes dropped again to 3.4 months and the median priced home surged to $474,720. "The market really changes to reflect these supply issues," he said. "Increases in supply can ease tensions on price appreciations." Staff reporter Andy Fixmer can be reached by phone at (323) 549-5225, ext. 263, or by e-mail at afixmer@labusinessjournal.com. |
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