“I also think that many realtors have poo-poo’d the drop in RE prices recently”
At the risk of ducking soupbones from y’all, San Diego has have yet to see REAL PRICE DROPS on SFR resale homes! These Median prices INCREASED 3.7% in May. So–o-oo, my net worth increased by only $185,000 in May (x!@#gd!!).
Hopefully the fact that MAY UNITS SOLD dropped by 30% from near record highs of last year is only part of the statistical return to selective buying opportunities which may take six years to bottom out. Please check out WhatHousingBubble.com
