Quote:
Originally Posted by Laker14
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.
|
I wasn't analyzing anything, just trying to illustrate the poor conclusion as a result of insufficient data. Any graph that tries to paint the housing market picture in TV MUST include the majority of the data not just the MLS. However, since you asked, we are obviously in a softening market. It won't be a crash and prices won't decline by more than another 5-10% IMO.