<p>Ah, barrons, you speak like a true real estate person.</p>
<p>18 months ago you were saying prices would never drop, all was clear sailing. Now you say the worst is over and the drop was not that bad. yes, 10% drop is not so bad unless you bought with 10% down just before that drop, which some folks did, of course. </p>
<p>Regarding mortgage rates, they’ve come down from what? In May, we purchased a house with a 6.125% jumbo, no points. Today, the rate would be 1% higher. </p>
<p>Inventory? Nationally, it is the highest it has been in 18 years by at least one measure.</p>
<p>Good to see consistency in attitude, barrons. Like any good real estate pro, there are never bad markets. they are all an opportunity. too bad the opportunity for quite a few has been to lose lots of money.</p>