I agree with LArenter too, This is why I come up with the opinion I have that…
The statistical median will begin to slow towards the eventual trough with or without hiccups,seasonal or whatever. Prices above that will be compressing.
First it is just practical that we slow into the plain vanilla median.That the whole market slows together is possible, I guess.
On the lower half of the distribution of homes there starts to be a “bottom feeder’s” market, So there is some incentive there. I don’t see the incentive to buy higher priced homes in the enviornment we are facing,as described by LArenter and others. Is there that much nesting instinct and financial immunity to go around?
