"It's going from a seller's market to a buyer's market," said David Lereah, the chief economist for the National Association of Realtors. In March, "price appreciation went down to 7.4 percent, from over 10 percent," he added. "That most probably reflects that sellers are bringing their prices down."
Lereah is right that 'seller's are bringing their prices down.' It may no longer be a seller's market in the bubble markets, but it is certainly NOT a buyer's market. In the bubble markets it is a greater fool's market.
Wednesday, May 10, 2006
Subscribe to:
Post Comments (Atom)
Posts
