Ok Folks I read a lot of bear anxiety in the blogosphere about the up-tick in sales for March and the missing deluge of listings.
This is despite the drop in prices, which in some areas has been nothing less than a slide off a cliff. (what else can you can YOY drops of 25-38%)
BTW a 25% drop in prices erases a previous 30% gain. The bubble is deflating much faster than it blew up.
Can I give the bears complete reassurance. No. If I was that smart I would be sitting on the beach in Monaco with George Soros, instead of writing this obscure blog. However consider this graph.
Where do you think we are on it??
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