Montpellier's Comment: Too Many Sellers With High Prices Combined With Buyers Who Can't Qualify = Our Local Market

Montpellier, a frequent insightful commenter, has as usual left a well-reasoned comment, this time on the "Fed in Crisis Mode" post from yesterday morning. We're reprinting it here because it details reasons for local and national over-supply of properties, in addition to the fact that the higher house prices are, the more difficult it is for buyers to qualify for a mortgage.And at the end of