sdrealtor asked me where I saw 10% price drops. Well, here’s one to point to.
Where does that put the “flat housing prices until 2011” group? At what point will they admit that prices are falling? Falling by 10% in San Diego?
Just because the median is up, doesn’t mean prices are up.
I’m wondering how useful economists really are. Who can count on their forecasts when they are blatantly ignoring reality? How can anyone say prices will be flat until 2011 when they are already down 10% in some neighborhoods?
I guess I’m wondering what it means to say that prices will be flat.
Was that a forecast of actual conditions, or just a numbers game, where you say they are flat because higher end sales change the mix of sales and make the median go up while prices are falling.
