Bubble Down, Bubble Down!
Equilibrium price: supply equals demand. Disequilibrium price: supply exceeds demand, or vice versa.
Houston, we have disequilibrium: the number of homes sold in Southern California last month dropped 21% from the previous year, and 16% from the previous year.
Houses and condos aren't selling because buyers aren't willing to pay the prices sellers want. One big reason is that interest rates have, per the Fed, marched upwards for month after month. Expect prices to fall in coming months to restore equilibrium.
Houston, we have disequilibrium: the number of homes sold in Southern California last month dropped 21% from the previous year, and 16% from the previous year.
Houses and condos aren't selling because buyers aren't willing to pay the prices sellers want. One big reason is that interest rates have, per the Fed, marched upwards for month after month. Expect prices to fall in coming months to restore equilibrium.
9 Comments:
Anonymous said:
And if you need someone to sell your house or help you buy a new one- contact Walter Moore!
Anonymous said:
Nothing to do with politics or policy. If you are interested in buying property, this may help. But has nothing to do with politics or policy.
Is MS too busy sucking Alger's dick to notice?
Anonymous said:
To 5:25 AM
You just got penis envy. If you don't like Mayor Sam, go visit Boi from Troy.
Anonymous said:
to 5:31, you are probably sucking Alger's dick too. And Mayor Sam's. You must be a political novice and only read this blog for your information.
Get in the game ass!
Mayor Sam said:
Real estate has everything to do with politics, especially in this town, dumb shit.
Now gargle with razor blades!
Anonymous said:
Mayor Sam, real estate is business asshole!
Anonymous said:
To 9:06 AM
I have been "in the game" longer than you would ever know. So don't go lecture me about politics.
Your reference to "sucking dick" demonstrates how immature you are- when you can't make a logical point, you resort to name calling.
Anonymous said:
Lots of people on this blog like to talk about sucking d*ck. What's with that? Does it make them feel empowered or just plain horny?
Anonymous said:
Usually its Mitch that's posting about sucking dicks. Maybe he wants to suck Alger's dick. Doubt Alger's interested and besides Jim is not man pretty.
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