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To: Secret_Agent_Man who wrote (391370)7/31/2009 12:19:03 PM
From: Trumptown  Read Replies (2) | Respond to of 436258
 
maybe housing is still broke...

"But the season ends now. Every year, organic sales fall off of a cliff beginning in August primarily because kids go back to school in Sept. If organic sales follow typical seasonality trends lower again this year and foreclosure-related resales stay the same or rise (no reason they shouldn't), then the average and median prices will be pulled quickly back towards the distressed market price."

businessinsider.com