Current market conditions 4/21/06.
Houses are not selling, inventory is rising, but there haven't been many price reductions.
posted by njdoc at 5:41 PM
Friday, April 21, 2006
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1 Comments:
Bairen,
I don't believe people have come to their senses yet. There is perhaps some mild fear in the back of some people's minds, coupled with higher short term interest rates on top of very high prices. This bubble, in my opinion, will take a long time to unwind. But, this spike in inventory is obviously the first sign of trouble.
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