Tuesday, May 27, 2008
It cannot be fun being a Realtor right now. 46 of 50 states watched housing sales decline in the first quarter of 2008, and construction is dropping to its slowest pace since the 1940s. Economists are prognosticating that hitting bottom is months away. I am seeing less and less of the local silver-lining defense (that Nashville is an exception and is more robust than the other markets) floated out there, so it must be bad all over.