I was speaking with a young realtor today. We didn’t intend to speak about housing, but it veered that way when he mentioned that he was looking to renew his real estate license. I said something to the effect that the times are getting tougher and tougher for realtors (I have no shame). I qualified it by saying that these days are tougher compared to a few years ago when you plopped a sign in the front yard and the property sold in a couple days.

He retorted that this was a good time to buy because of the lower interest rates. I really get a kick out of statements like that. I basically said to him that I don’t quite agree with that statement and he backed off a bit by saying that it was at least better than when interest rates were higher. He also conceded that prices HAD to come down because they were out of control.