Well Christmas broke a ton of sales records and the silence is so deafening it hurts my ears!
The purveyors of doom just don't want us to have any gloat. More people own a home today, than ever.
Sorry to be crass but come on! Is that not spectacular or what?
Case in point is a recent article that quoted economists at Fiserv Case Shiller Weiss predicting a real estate markets for the major metros in 2006.(this is misprinted as 2005 in the link)
"Their prediction: Los Angeles will fizzle. Miami will sizzle. Fiserv CSW is predicting that prices in the greater Los Angeles area will increase by only 5.8 percent in 2006, with slightly better appreciation in some L.A. markets and price declines in others."
"There is anecdotal evidence that the market there is weakening," said David Stiff, a senior economist with Case Shiller Weiss. "It hasn't worked its way into our model yet."
Almost 6% here in LA after years of huge growth? Like thats a bad thing. I thought this bubble thing was supposed to hurt.