Go to the “update” section and look at the February 2 report.
You will see that the “relative strength” that Rich Toscano posted about yesterday has NOT occurred in the bay area in January. Read that again. Not even a dead cat bounce!
Caveat: The narrative at this particular web site reads a little bit like a speech by Alan Greenspan, i.e. it is circumspect so as not to offend anyone (read: sellers and fellow realtors). However, read it carefully and it is clear what Richard Calhoun is really saying.
