BobS
Wow…knife catchers still out there, esp. in the few still- strong pockets of prosperity in this sinking economy.
Methinks the opposing sides on the ongoing debate about the future of RE prices underrate the the growing likelihood of a deep and long old-fashioned recession. Historically, RE prices simply have to react to deteriorating fundamentals such as incomes, spending, unemployment, growing gov’t deficits at all levels, etc. during such declines.
BTW here in Santaluz, a neighborhood you have looked at, prices are softening, inventories growing, and short-sales popping up among my previously overconfident neighbors. Happy hunting…time is on your side.
