[quote=sdrealtor]I can only speak for SD real estate but if you look at the low and mid tier markets it is quiet hot right now. If you look at the high tier its a bit of ablood bath IMO.
One thing it does in discredit the old time Bugs Butterfly theory. The low end is recovering, the mid is stable to recovering and the high is getting smacked. They couldnt be more disconnected.[/quote]
I hate to disagree but that is exactly the bugs butterfly theory only in a different part of the arc. You see, when the lower fell and the middle mostly held and the upper held up entirely, the theory was in the beginning phase. The middle would soon fall because the lower wouldn’t move up and the price to benefit ratio would eventually hit the upper market, it would just take time. Now that the egg has moved through the snake, the appearance will be different. The low end is hot, eventually it will spill into the middle, then the upper end. Patience grasshopper, even good action movies have a few kissing scenes. The lower areas will slow when the price closes the gap and the buyers decide to go up a neighborhood for a small price gap, eventually that hits the high end. The pain train had scheduled stops on the way in, but it also has scheduled stops on the way out. If I may quote the greatest television show of all time (The Wire), “everything is connected.”
