Prices are still high in PB… just check the most recent DQ chart for Feb. No 20% drop in PB yet or even close. I think that as long as houses keep selling high there, people will stay in denial, because so far, it’s just not hitting PB. Several went pending this week at high prices. Condos are down already, so will it hit SFHs? Maybe, but for now, they keep selling, even, as JP noted, really awful tear down type places.
