No, I won't flame you That was pretty good post. And I stand corrected on the model. I figured I mixed the two up, forgot which 900k ish home was which.
Here was my problem with this sort of the original post
"The bulk of these home resales are from 3rd and 4th time homeowners. They are not exiting due to the "bridge" factor. The majority are moving to larger homes and pricier areas. They figure now is as good of time as any to get more bang for your buck."
I don't think that folks ever said CV is falling like a brick. But the portray of a "strong sales" don't add up. You seemed to confirm a few things. You have some folks that upgraded, some folks that went in over their head, some that speculated, and some folks that are unfortunately getting a divorce (who probably went in over their head to save the marriage, like I sort of alluded to earlier). How this translates into words like "majority", "strong", "two-weeks on the market", I have no idea. Just still trying to learn this new realtor speak. That rich first own still lost money on the home. I'm still trying to figure out a way to interprit this as meaning "strong sales". Ok so the couple has money, how is that related to a home holding value, which obviously from the sales price isn't indicative of this? It's not a 20-30% drop like some places, I agree. But I hardly call this "holding value" by the definition of what holding value being <= original purchase price. Perhaps in realtor speak, there's another meaning to that word.
