Real Estate Bubble

Here are a pair of worthwhile articles on the state of the housing market. Here's another look at the situation from a newspaper here in San Diego County. Inventory is up, sales are down, and mean time to sale is way up. I'm seeing MLS listings at six and even seven percent just to get the houses sold, when default had dropped to five percent. Discount real estate brokers are great when the market is as hot as it was the last couple of years, to where a monkey could sell a home. They're the pits when the market slows. When the house will sell, paying a couple percent less may be a great idea and save you a lot of money. If you need to sell when the market slows, particularly if you need to sell at a good price, it's becoming the true full service full price brokerages who are getting it done.



More distilled data here.



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