The roads to Zwedru, Grand Gedeh County and the southeast, are an economic hazard for half of the year, every year in Liberia, due to the rains.The Daily Observer has gathered that due to the bad road network in the southeast of the country, several persons traveling that way, as well as their vehicles, are stranded. The passengers and their vehicles, the report said, got stranded about a week ago, and they are reportedly running out of food and water.The report was corroborated by dispatchers at Monrovia/Grand Gedeh Parking Station, who confirmed that hundreds of businessmen, women, aid agency vehicles and commuters are stranded due to the deplorable road conditions. They added that the passengers and the vehicles were stuck in the muddy areas of the road.As a result, some of the stranded vehicles have reportedly developed mechanical faults on the highway near the security post at Toe Town, Grand Gedeh County. Meanwhile, there are also reports that goods, which some of the stranded persons were carrying to Zwedru, have begun to rot as a result of being confined for so long.During the weekend, some of the stranded passengers, contacted via mobile phone, told the Daily Observer that they have been stranded for two weeks.They further noted that to send their messages to Monrovia and other areas, they have to travel about four to five miles and climb high hills to get network signal to call relatives and friends. Businessman George B. Bleeton, 48, said he was disappointed because “If we remain stranded with these perishable goods for another week, we will incur loses thus hindering our businesses.” Mr. Bleeton added that the stranded passengers are running out of basic necessities such as food and safe drinking water. “We only want the government to fix the very bad parts of the road for now and wait for the dry season to do real work on this highway,” one of the passengers pleaded.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)
The median likely fell because more homes in lower price ranges sold last month, he said. Sales have remained in a relatively flat range since August. “Everything I’ve been reading, everything I’ve been hearing from Realtors suggests that the major shift in the local residential real estate market is over,” association President Steve White said. At the end of November, there were 6,092 properties listed for sale, up 47.1 percent from a year ago and a 5.9-month supply at the current sales pace. That’s down from a 7.1-month supply in October. The association considers a five- to six-month supply a balanced market. Pending escrows also indicate that the market is moderating. There were 1,037 escrows open at the end of last month, down 8.2 percent from a year ago and off 4.6 percent from October. White also said a few sellers are getting multiple offers on properties that are reasonably priced. “I talked to agents this week who were shocked to learn when they submitted an offer they had other buyers competing for the property,” he said. The condominium market also continued cooling last month as 284 of these properties changed owners, 21.3 percent fewer than a year ago. Sales did increase 14.1 percent from October. The median price fell an annual 0.6percent, to $391,000, and declined 4.6 percent from October. Total sales of houses and condominiums fell 22.2 percent, to 1,037 transactions, and the median price remained unchanged from a year ago at $550,000 and slipped 2.1 percent from August. “I think the message that is beginning to get to buyers is that if they can afford to wait and poke around, they can find somebody who really wants to move the house,” Blake said. firstname.lastname@example.org (818) 713-3743160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORESurfer attacked by shark near Channel Islands calls rescue a ‘Christmas miracle’“Frankly, I thought it might have happened a few months ago. The market has found its level,” said Jim Link, the association’s executive vice president. Sales fell an annual 22.5 percent in November, to 753 transactions, the fewest for that month since 781 sales in 1995. They declined 2.3 percent from October. Sales have now fallen on a year-over-year basis every month since October 2005. That trend is expected to continue at least until the buying season starts in the spring, but prices should not waver much from their current level, experts say. “We expect it to wiggle around this number as long as the job market stays strong in the Valley,” Daniel Blake, director of the San Fernando Valley Economic Research Center at California State University, Northridge, said of prices. “I would look for some months up and some months down.” The median price of a San Fernando Valley home fell in November, ending a 116-month streak of consecutive year-over-year gains that sent prices soaring 283.9 percent, a trade association said Friday. Last month, the median price of a previously owned single-family Valley home slipped an annual 0.8 percent, or $5,000, to $595,000. The Van Nuys-based Southland Regional Association of Realtors said it is the first year-over-year price decline since the median fell 13.9percent, to $155,000, in February 1997. The run-up in home prices started a month later. November’s median fell 2.5 percent, or $15,000, from October, and it is 4.8 percent under June’s record of $625,000.