28 August 2007Watch out for floating porch debrisHome sales are off again, and the doomsayers are growing ever more florid in their descriptions:
"Forget 'location, location, location.' The most important factor in today's real estate market is 'supply, supply, supply'," said Mike Larson, a real estate analyst with independent research firm Weiss Research.
"We are literally swimming in an ocean of homes for sale. In fact, at 4.59 million units, we have the most raw inventory for sale in history," he said. Not to worry. The US covers 3.54 million square miles, which means that in every ten-square-mile tract there are, on average, only thirteen houses floating around, meaning that you probably don't have to worry about running into one during your morning Still, I'm disappointed that they didn't have any video of people swimming in that sea of "raw inventory." Posted at 7:44 AM to Say What?Raw, raw, raw, that's the spirit here at More Science High! Posted by: Mister Snitch! at 3:12 PM on 28 August 2007My friends' homes have porches |