Notice anything lately? Despite what the experts are saying about our economy, houses are sitting on the market these days. There are signs that say 'price reduced.' A couple years ago anything that was slightly above a dilapidated dog house sold for at least $500,000. Still, seeing the reduced price sign is of little comfort to those who earn $25 an hour. And guess what. There are a lot of people who earn $25 per hour. It's still out of reach.
While the ebbs and flows of the real estate market and economy are complex, my over-simplified sense is that we are in the beginning stages of a recession.
We are back where we were in 2008. It's all cyclical.
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