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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: jrhana who wrote (36415)7/27/2005 5:46:55 PM
From: TradeliteRead Replies (2) of 306849
 
And, no, I don't think prices are tumbling. They stopped rising in my area quite a while back, while some people were still talking about how high they were skyrocketing. LOL!

Prices will fall when and if inventory gets bigger than demand. Inventory probably grew somewhat this summer because, typically, many sellers wait to put their homes on the market until after school is out. (Big mistake, always.)

Weather has also been miserable for buying and selling, but that's probably a minor factor. Summer is just a slower time for the market in general. We'll have to see what happens in the Fall.
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