April housing market anecdotes
The 90/10 rule seems to be in play this April, as in 10% of Realtors are managing 90% of the transactions. Our California title insurance friends are telling me that the number of transactions remain depressed this month, but our friends, many in the 90% group, are seeing the spring uptick just because they are in that 90% group. Here are some anecdotes about the spring buying season:
- Teresa Boardman says StPaul feels like 2005
- San Francisco bidding wars video from Marketwatch
- Business Week profiles Altos Research data in assessing spring buying opportunities in 15 metro markets
- Some day, NAR will finally forecast the bottom right... the NAR spin chart from NJ RE Report h/t Matrix / Big Picture.
Click to Matrix for a chronological list of NAR's economist quotes.
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