Perry, of course! 🙂 Sellers talk the market up, buyers talk the market down, and realtors, in the “best interests” of both buyers and sellers, talk the market up. A site like this is a good place to hash out out ideas and explore the assumptions for these scenarios (and it would be nice if people would stick to the dicussions and not the people behind them).
All around I see realtors and other industry advocates being a bit too optimistic. The worst of them are definitely trying to pull the wool over my eyes, and the best of them actually do make a lot of sense and you have to dig down deeper to figure out if they’re right or not. I have a few other things about Jim’s site that are a bit too much “spin” such as a video that basically is advising buyers “don’t worry about the housing market, focus on finding the right house.” Many buyers are flexible, and with the inventory such as it is and climbing, I think it would be bad financial advise.
