I'm in real estate, although anectdotal, prices are going down in a lot of areas and houses are not selling at all, a lot of houses aren't even getting any showings, these same houses would have sold in a weekend.
It will eventually turn around, it always does, unless President Hillary declares eminent domain nationwide.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
You don't have to write anything to me about the market. I research it EVERY day and am quite familiar with what is going on. Those who have been on here lying about the housing market and have set up people for a financial fall are to be held responsible. Dishonesty is exactly that -- dishonest.
A lot of existing homes aren't selling simply because they're priced too high. Much of the existing home inventory on the market is people fishing for high prices and they will only sell and move if the get those prices. We saw this in California in 2001 when we sold my parents' home. New home inventories are a much more meaningful number.
==I'm in real estate, although anectdotal, prices are going down in a lot of areas and houses are not selling at all, a lot of houses aren't even getting any showings, these same houses would have sold in a weekend.==
Well I wonder why what with the crap they're building these days and the money they expect for it.