market: A contratrian view on home prices - 08/03/08 02:46 PM
There has been some discussion on a forum that I frequest about house prices needing to come down on the Crystal Coast.
It is an easy argument, prices need to come down so sales will come up.  Unfortunately the logic is probably wrong.
To start with if lower prices were the answer, then why does the data show the most houses being sold in 2005 when the average price was the highest.
Unfortunately pricing is only part of our problem and then only in relation to value.  I have seen builders struggle trying to awaken buyers with lower prices.  We now … (0 comments)