Realtors Forecast First Home Price Decline

This doesn't get reported, but if you factor in the increase in living area of the average house over the years, the average price has fallen before.

PS. Didn't they say that the market had "bottomed" last month?:D
 
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they aren't making any more land

you can't live in your stock certificate

everyone wants to live in florida because of the weather

housing prices will continue to increase as long as the employment rate is low.

people are emotionally attached to homes and will not sell easily

immigration will fuel ever-increasing demand

people will always need a place to live

sellers don't panic and lower prices, because they can just wait it out

there are no margin calls with housing

you can always rent it out!

mortgage interest deduction makes housing an attractive investment

etc.
 
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