“Resale (median) house prices actually set a record last month, UP $19,500 from May 2005, DataQuick said.” This item was buried in SDUT today on page B4 below the fold. Their headline is “COUNTY HOME PRICES SUFFER RECORD DROP”
Incorrect, derogatory headlines make realtors steam.
Yes, there many price drops on individual homes. It is part of the market process wherein Sellers Greed IS trumped by Buyers AWARE. This is most evident in shifting housing markets over the years. (Did Shiller ten years ago shout “Buy now, a growth bubble is developing!?”)
Thanks, Docteur. When ethical realtors, lenders, title, escrow bring ALL details together, precise timing and “facts” are ultimately supported by trust BETWEEN buyers and sellers at COE. Both of them often DO THANK GOD when it’s done!
