“Lereah said there were some overheated markets in which prices were starting to soften. But he said such price softening would prompt more demand from home shoppers who have been waiting for opportunities to buy at more affordable prices.”
Actually, David, real estate markets collapse on the liquidity side. Inventory builds up, and prices are pressured down as sales keep dropping. That is what’s happening in the overheated markets in FL, AZ, CA. On what planet do you see more demand from shoppers? Are you really that ignorant, or do you think that lying is doing the RE industry a favor?
