[quote=sdcellar]Ah, I see what you’re saying now, but that also goes to my point that new home construction elevates interest in an area and helps pull resales along with it.
Makes sense, though, that annual sales volume should increase as an area grows (and I said as much earlier). So, much of the growth is normal, but it would be unwise to assume it’s all natural. We all agree that sales volume was skewed upward during the bubble years, don’t we?[/quote]
Yes, naturally, volume skewed upward during the bubble year. Which is why I’m a little confused that it didn’t “pull resales along with it”. “that annual sales volume should increase as an area grows”, it should but didn’t do it by “a lot”, or else we should see the sale average much more than ~2100 (300 more than 1998). The only explanation I can think of is new construction was enough to match the increase demand. But the drop in resale even after the increase in total volume makes a huge deal in my eyes.
Please explain: “So, much of the growth is normal, but it would be unwise to assume it’s all natural.”
How can something be normal yet not natural at the same time?
