Quote:
Originally Posted by looooob
cue the responses about the bubble bursting
probably a more complex issue. there was an ok article 'bout this in the Herald today
looks like some of the multimillion dollar stuff is stagnating a bit
about 40% of properties still getting over list and selling quickly
other stuff is being over priced and sitting around
mentioned that in both 04 and 05 there were 3 or 4 months when prices went down
obviously things weren't going to stay stupid hot forever...will be interesting to follow the trends into fall, etc
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Agreed that prices can't remain at the hot pace forever and that supply/demand will eventually correct run ups. It's summer and we'll see what happens in the fall. With a hot job market and increased population projections, the market should still remain strong but not at the rates we've been used to.