With the rapid increase in home prices, followed by fairly stable interest rates and income, affordability is dropping like a rock.
Lot of people are saying they hate to see it close down.
Most people buy homes for their family. But if you're driving an hour each way to work, that's 10 hours a week. How much time are you really spending with your family?
One month does not make a trend. The pace has been so strong the last couple of years that they've outstripped physical production and worn out physical resources. There may be a desire to extend the market by constraining it now.
People went for more affordable concepts of home ownership.
Most of the investors are gone, and traffic is down in home builders' sales trailers. Just look at all the ads. Builders are trying to move homes fast.
We have all these hits on disposable income, and we turn around and say we don't have to worry about higher home prices. Give me a break.
There has been a lot of interest in this auction.
You had a 40-plus percent run-up in home prices but not in incomes. That causes serious trade-offs.
A lot of people buying cabins only use them a few weeks a year. The unfortunate aspect is those weeks are the same few weeks that everyone wants to use them.
It's a popular area. People who bought their homes at a good price have little incentive to move on.
Condos will increasingly make more sense in an era of higher home prices, sprawl, higher energy prices and congested freeways.
If you have a fence and an alarm, that's not enough. You need to supervise your children.
If you are trying to buy a home, you have to be careful about what you are doing.
California has always been a dominant source of immigration for us.
The hype is off the housing market. Prices are high. Interest rates are climbing. Housing needs to cool down so the market can return to normalcy.