Your next home will never cost less than it does today

The_Tim

Remember this?



I spotted it back in August 2006, when the Case-Shiller index for Seattle was sitting at 181.84.

As of January this year, the Case-Shiller index for Seattle is 181.62.

Whoops, guess somebody needs to print a retraction.

kpom

You're assuming facts not in evidence - that some people possess a sense of shame.

I would expect that that sign will soon announce that Seattle real estate prices have bottomed out, following RE agents elsewhere in the country who first denied that real estate could ever go down, and are now announcing every month that their local real estate market has hit bottom.

kpom

....oh, and if you forecast that real estate prices are going to drop, and your forecast turns out to be accurate, that means that you are a Bad, Uncaring, person. Where is your compassion?

rose-colored-coolaid

kpom wrote:

I would expect that that sign will soon announce that Seattle real estate prices have bottomed out, following RE agents elsewhere in the country who first denied that real estate could ever go down, and are now announcing every month that their local real estate market has hit bottom.

Well, in one sense they are right. Imagine digging a hole. Each shovel full creates a new bottom. And when you stop digging you are at the last bottom. So every falling month is a new bottom. Coincidentally, each rising month is a new 'top' as well.