Senin, 17 Oktober 2011

WSJ: Decline in Housing Inventory Won't Lead to Rise In Prices; CAAR Remains Hopeful Charlottesville Albemarle Area Market Is Different

Last week when the Third Quarter CAAR report came out, the big news was that there was a -7.3% year-over-year decline in home prices in the region.*   This is a large drop, and should be motivating sellers with equity to cut prices, since buyer traffic is declining, sales have declined and we have now entered the "slow" time of year.

Instead, what the CAAR narrative focused on, and what it got

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