Spring Will Tell The Story! I suspect, there will be a ton of inventory and minimal buying. Once we start to see closings at the beginning of summer, the story of a DECLINING MARKET here on the Westside will be very apparent. Then, sit back and enjoy the ride. With everything going on in the real estate marketplace, we have the makings of a “Perfect Storm” to sink housing prices. Not only bloated inventories, but a real credit crunch, exploding ARMS and upside down buyers with virtually no investment. What else could there be? Earthquake? Hopefully, not. But the point is, the declining market is gaining steam every day now, and MARKET PSYCHOLOGY has changed.
If you come across any Westside Meltdowns, please post them on the following link.
