I can remember throughout 2005 many reports that the real estate bubble was going to burst. You couldn't get away from the topic as prospective Buyer's that were on the fence were waiting for the news of the burst? Well it was more like a leak in the balloon. Slow landing!
1st quarter numbers are down here in the Beverly, MA market up in the North East and a sluggish spring market. No record sales and not that much in the high end either. Not enough in the lower price ranges which drive the real estate engine.
Wasn't a surprised that the National Association of Realtors reported 40 states had record low housing sales in 2006. So what are you planning to do to survive this slumping market?
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