Lets just take a look at this graph of residential sales in the metroplex over the past 4 years. Doesn't look like fire and brimstone to me. Judge for yourself.
Thanks Britt Fair.
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Nov 10, 2008
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3 comments:
What's this? Truth? Honest perspective? Amazing. :)
So, if we average out all those points, we're probably back to about 2004-2005 levels YTD. Not so bad: but that's what financial experts have been saying for a while. We've just had a steady, stable market. So, we didn't have double-digit gains to give back to the ether.
Exactly. When people look at actual data and are crying about percents falling down, they usually don't realize the situation some 5-8 years ago. We compare our situation to boom years only, that's a very pessimistic attitude...
I can see it here in Canada. Sales fell down by 30% and prices by 10% here in Toronto, compared to year 2007 (which was extremely excellent), on the other hand, prices are still on the level of 2006 (which was successful too...).
Take care
Julie
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