Marshall Prentice
Marshall Prentice
apply bit market parts segment stable surprised trends
We're a bit surprised at how stable the market is in all categories. Usually one segment of the market will be outperforming the others. Right now, though, the same trends apply to all parts of the market from entry-level on up.
homes last million sold words
In other words, homes that would have sold for $900,000 in 2004 sold for more than a million last year.
increases markets price sales slowing took
Sales are strong, but not at a peak, and price increases are slowing down, especially in the markets that took off first back in 1998 and 1999.
couple difficult january lull march market months numbers project trends
We won't know for another couple of months if this is a lull in the market or part of a longer-term downturn. It's always difficult to project from trends we see in January and February. The March numbers will tell us much more about what's going on.