I totally agree with you about the sales. If sales pick up again and we fall to a 6-7 month inventory of homes, then yes, prices will start to rise slowly again. However, we are nowhere near even 8 months of inventory, so I am not worried.
As for the author, I am sure he is just outa his undergrad, as represented by the top of the spiderman tie he chose to wear in the file photo. I am sure it use to knockem dead at all those halloween parties. Spiderman, Spiderman, doing whatever a spiderman does……. 🙂
Nos. totally agree with you about the comps thing. There is plenty for everyone. If the relators tell you all about pentup demand, ask them about pentup supply. There are alot of people who want to sell, but refuse to take a loss, or be a part of a “fire sale”. It ant gonna be a V shaped graph.
