Agreed. However, the AP is just reporting the findings of DataQuick Information Systems.
So much for location, location, location...
Maybe this answer is down the thread, but here's my question:
A short while ago I read on one of these threads that something like 40% of houses in LA had reduced prices. I assume this meant houses on the market, not sold ones.
I am wondering if the lower prices as described here are the sold prices or just asking prices.