[Night Hides Not]

Colder than normal winter and higher than normal snow-fall in the North would have a good bit to do with it I would have say.

roaddog, you're making too much sense. LOL!

[p. henry]

All politics is local (except in 94 and 74). Housing markets also tend to be local. Here in San Diego some neighborhoods have suffered significant declines in housing prices in the last two years while some have maintained their value.

The one exception to that rule is a national recession, during which asset values of all types suffer. We are probably headed into a recession either late this year or early next year. Declines in commodity prices, consumer confidence, housing prices, and now the stock market are all signaling a coming recession. Rising default rates and the tightening of the subprime mortgage market are also not helpful. Finally, it's been seven years since our last downturn, and the business cycle has not been repealed.

Hold on to your hats. The ride during the next two to three years is going to be interesting.

[roaddog727]

"roaddog, you're making too much sense. LOL!"

Yeah, I get that alot. Economists have a tendency to look at the big picture as opposed to some of the "media"......

ROTFLMAO