Pending Sales of Existing Homes Lowest in 6 Years

I agree anon3. I think we are in the beginning of a huge supply of inventory. There are still many developments going up. Hopefully the the great inventory will push the prices of these condos down a little.

I agree Th Manhattan RE Market has started to crack in 1998, 1999,2001,2002,2003,2004,2005,2006,and 2007.

Yup Spunky, anon3 has quite the crystal ball. It is amazing how accurate his predictions can be while renting in Jersey. Little black arrow point west of Manhattan?

Very funny spunky. Whats your take on this?

Looks like spunky's time is finally up... but of course, spunky's way out is the same as every other nervous homedebtor... the ol "well it was bound to happen sometime finally" spin.

Oh I forgot the Manhattan RE also started to crack in 1995.1996 and 1997- ol well