July 24, 2007
OK, I'm having a tough time reading these two graphs. Not sure if I see much of a trend. How 'bout you? I guess if you look real hard. Oh, I give up. I guess I'll just go ask a REALTOR to tell me what they mean.
Inventory can't possibly be exploding at such an amazing rate. Prices can't possibly be in such a panicked freefall. Suzanne researched it! Lawrence Yun says this is a normal market. Bernanke says the worst is behind us. Bob Toll says we hit bottom. RealtyTimes reports now is a great time to buy. And we all know that real estate is always a great investment, and that the Property Ladder only goes up and up and up and up.
By the way, take this housing data research website for a spin of the bubble cities. You'll be amazed. It's ugly out there.