“However, weren’t we all saying that 2007 was going to be the year while now we seem to saying look out for 2008.”

Folks…we are only 21% of the way through 2007. Nearly 80% of the year awaits and I project it gets much, much worse before it gets any better. Have faith, will ya?

I, for one, am not saying look out for 2008. I am saying look what has happened in the last three weeks! In a “booming” economy, flush with jobs for everyone who wants one, the shit is hitting the fan? You have to wonder why?

Current sales to high-net worth households do not necessarily give a clear picture of the state of the local real estate market, correct?