Price drops are a bit more erratic, but seem to be moving in the right direction lately. Once again, I think the Folsom average sale price data looks more realistic because their larger sample size helps to stabilize the data (averages can be easily influenced by outliers).
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srcerer - no not everyone will do the calcs - of the 65% or so of the US that owns homes, maybe a couple percent of the buyers do the calcs, the rest just buy because they prefer to own. Renters likely mostly rent because they can't own.
Logic does not prevail.
AB - Nice charts - still seeing the sales volume slow down from the August credit crunch, but I hear pendings are back up to precruch levels.
Lets see if they actually close **evil grin**
I watched a few things drop off my radar here and wondered if we were getting an uptick in sales. But one by one they are coming back on or I see them on CL up for rent.
Nice try Sippn....but the sales numbers have been in the toilet for some time now.
But I'll nod my head to your contract activity....I have seen a little bit of a rebound since August. But the price drops have been the big story from what I have seen lately.....
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