Price Reductions in Marin County as of July 8, 2006 @ Marin Real Estate Bubble
"Friday's labor report was a bit of a disappointment. For the third month in a row, the total number of jobs created came in well below 150,000, the level generally believed necessary to keep pace with a growing population. However, the really bad news was not the number of jobs gained, but the type of jobs that are now being lost." So writes The Mess That Greenspan Made.
Its wonderful when my fellow bloggers take on the National Association of Realtors (NAR). I was pleased to see the Northern New Jersey Real Estate Bubble blog call the NAR on its downard revisions of existing home sales numbers. Grim writes:
Super. We need more eyes and ears watching the NAR. :-)
I have to admit, I do find it entertaining to watch the NAR change their forecast with every press release they issue. Month after month their forecast is revised downward and further downward still. While the overall change has been minor, it's most certainly something I'm going to keep my eye on.
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