“We are seeing the sales here in AZ begin to accelerate and the few bargains dry up.”
Interesting info — consistent with the data in this article.
By the time the MSM will have it on their front pages that the housing slump is over, it will be too late for bargains.
I think the MSM has a vested interest to keep everything “doom and gloom” until the election, hoping that will benefit the Democrats.
The NYT has an article, talking about recession — even though we had 2 quarters of POSITIVE growth, the 2nd Quarter better than the first, pointing to recovery, not recession. (The official definition of recession is two consecutive quarters of GDP shrinkage, i.e. “negative growth”.)
More Arrows Seen Pointing to a Recession
I read in Barron’s that the 4th quarter of 2007 is now thought to be negative. Can anyone confirm?
I recently looked at buying a home south of Tucson. I didn’t, because I think the prices are still too high. The house I came closest to making an offer on was asking for 150% of their purchase price - and they bought in 2002! It has been on the market for 15 months...
There are homes on my street that have been on the market for 12-18 months, but the asking price hasn’t dropped.
I’m taking all this to mean that people are NOT nearly as desperate to sell as the media is making out.
That is exactly what worked for the MSM in 1992. That, and Perot.