Publications

The headlines report the excess supply of homes in the face of slack demand in many markets across the country. Not only is there less demand, but also the issue of "effective demand – purchasing power" is clearly playing a role leaving a substantial gap between asking prices and purchasing power.

The more one reads the prognosticators and forecasters, the more confusing it gets. We certainly are in a time of widely different opinions on where the economy is headed and, in particular, where the real estate markets are going.

 A look at mid year statistics reveals that the Home Sales Market Sector is experiencing the predicted (by some) double dip while the rest of the real estate market shows signs of improvement. All of this while the economy shows slow and incremental improvements. Clearly, the end of the Great Recession has not arrived for many.

Mixed Signals - Strong year end retail sales - Likely double dip housing numbers