[quote=ctr70]The key is that Jim said the market is “abuzz”. But he ALSO said prices are NOT going up. A market can be abuzz with prices still falling, which they are, by every data set you look at.
I’m waiting to hear Bearishgurl say she could fix the $30k rehab job condo herself for $1,800:)~[/quote]
You can go back and look at the “Number of Sales” chart on the Trulia link. Low volume and falling prices are totally inconsistent with buzzing. Of course that could be changing direction at this very moment, but it is pretty unlikely to be a big move in that case.
Compared to the boom and bust we have a flat and holding market with higher volume than the bust and much lower than the boom. Sounds good to me.
30k rehab can be done “DIY” for around 10K, depending on what the work consists of.
