Quote:
Originally Posted by melpetezrinski
"The latest FRED" DOES NOT "tell the whole story. It's not even close! I'll give you a hint.... check the source.
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What is your analysis?
To me, what we are seeing is combination of "reversion to the norm", plus a bit of rebound from a bubble. Maybe that defines a "crash"?
TV is not totally insulated from national trends, since many buyers need to divest themselves of real estate outside of TV before they can buy inside TV. I played golf with one such individual the other day. He is already to move here, but needs to sell his northern home. It's a factor.
However, I think the effects here are moderated somewhat, because when values decline, most homeowners aren't compelled to sell due to being underwater, or having to relocate due to job conditions. Of course, some homeowners age out, or die, and those homes add to inventory, but it's nothing on the scale of what happens outside The Bubble, when a real crash occurs.