Comment on Palos Verdes Homes Market:
Yesterday (11/5/2007), I attended a panel discussion on "Current Status of Mortgage Financing" where representatives from Indymac, Downey Savings, Washington Mutual and Countrywide participated. The general opinion was as follows. Even though the real estate market has slowed considerably elsewhrere, the Palos Verdes area is quite stable in terms of house prices. Therefore, we don't see much of short sales or foreclosures in the Palos Verdes area.
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