Data Quick can write all the “feel good” articles they wish and the UT can print them every single day………..but it’s not going to change the reality of what is happening to the real estate market in bubble markets around the USA. The crap has hit the fan and now it’s going to be blown everywhere that has overpriced housing. My wife and I were discussing this whole mess last night and she said that she remembered us having many conversations back in 2001 and forward about how long this was going to be allowed to go on before either the housing market collapsed or the regulators would call a halt to the foolishness.
I wonder what Data Quick will be saying a year from now when housing prices drop, another 20% and the following year when it drops another X% and it continues until it finally hits the bottom? And will the UT keep reporting what Data Quick says, undisputed……… despite the fact that their predictions are way off the mark? Time will tell.
