In other bubble news, this diary at Kos points to slowing price increases in some west suburban communities. But with increasing inventories, maybe there’s sanity at the end of the tunnel:
Gelineau predicts that asking prices will remainfairly stable but in the long run, sale prices will be 5 to 10 percentless than sellers asked. "Buyers are going to scrutinize everything andnot pay crazy prices because they don’t have to."
Wow, what a world that would be … not paying crazy prices because you don’t have to. I remember the market economy…
Please share widely!
