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Real Estate
Reply to "I think the bubble is popping."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Nope, just normal summer market slow-down. Sales rate is falling and active listings increasing (and the houses that have been sitting are dropping prices) as happens every year.[/quote] Exactly.[/quote] Not really. The summer slow down is usually sales AND listings. Fewer houses and fewer people looking. That used to be the conventional wisdom — if you shop after the spring market, there will be fewer houses to look at, but also fewer buyers to compete with. Agree that the flawed (overpriced for what they are) houses sit, but in the crazy market earlier in the year, those houses were selling. The first sign of a cool down is that houses that have a flaw — busy street, next to something undesirable, etc stop selling without a major discount. That’s the question — did all of those people who didn’t find a house in the spring market quit looking? [/quote]
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