Bear Warning!
Author: Admin // Category: Uncategorized
Okay no more bear jokes. Let’s put this whole bull v. bear thing aside. No more labels. No one is a perpetual bear or bull right? For now it appears that the belief in constant increases in home prices is diminishing and is any regular reader surprised? With exception to Dave, I have not seen a bullish comment on this blog for months. Anyone want to take a crack at it?
This post is in regards to two polls spanning 8 months. The first was posted in December 07 titled: Vancouver area prices in 2008 will… , and the follow up poll posted earlier this month was titled: Within 24 months real estate prices will?..
No regular visitor here will be surprised that consumer confidence is rattled after many month’s of bearish stats. I do however find it interesting how quickly mass opinion can shift. I charted the poll results to illustrate the contrast. Although the earlier poll had fewer votes, I would imagine a similar mix in the poll’s respondents. Don’t forget the labels of the first poll were more conservative.
See you for the August sales and invetory update.
December:
August:
