Analysis July 28

Everyone seems to agree (WSJ and Case-Shiller) that the sales are up and that the lower prices are decelerating.

Further proof that neighborhoods rule! While the general national market may well fit the template, Zip Code 92026, and more importantly Hidden meadows has its own Circadian rhythm. That rhythm says lower-priced models are increasing in prices, and executive and luxury homes are decreasing in price.

But the future is REALLY cloudy. I’ll admit I don’t have much more than just a clue, because the economy has so many holes that we must worry about how long there will be a pool of Buyers to rescue this market.

I have no clue. Unemployment continues to increase. Only 8% of the stimulus money has been spent. The nation’s deficit is increasing exponentially and Cap and Trade and Nationalized Health Care are looming.

How does all of this play out?

Stay tuned.

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