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housing inventory

Housing Market “No Man’s (er, Seller’s) Land”: Explaining the Dearth of Inventory

When Supply & Demand (Especially “Supply”) are Broken “The sale of a home actually represents two, discrete transactions.  To a Seller, it represents a lump-sum payoff; to a Buyer, it represents a series of monthly payments.” –Floyd Norris; The New York Times To explain the dearth of homes for sale nationally as well as locally...
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2015 Housing Prediction

Advice to Prognosticators I’m drafting my 2011 letter to clients now, which seems like a good time to recall this (anonymous) advice to prognosticators: “The ideal time frame for predictions is 2-4 years out. That’s immediate enough to compel people’s interest, but distant enough that if you’re wildly off the mark, no one will remember.”...
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