Today’s Union-Tribune article has another misleading headline. I e-mailed Roger Showley, to inform him of something none of the realtors he interviewed would tell him: median price is up because the under-$400K buyer is squeezed out by rising interest rates, skewing upward the distribution of median price of homes sold.
He’s right on about the declining sales. I was just noting last week that I’ve seen only 1 Sold sign in my part of town in the last 4 months. Has anyone else noticed this too – an increase in For Sale signs, but no Sold sign to go along with it?
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