And letâ€™s not forget the regions 15% unemployment.Â This is not a good combination for our region.
Just when we thought it was safe to go back into escrow.
With guidelines changing and loans for first time home buyers, or anyone for that matter, getting tougher to qualify for, a sales decline and resulting inventory increase could depress home values in the region again.
The word on the street is that more homes will be coming on the market soon.Â A quick inventory check doesnâ€™t show that there have been any significant increases yet.
Is that hissing sound the air being let out of the nice little recovery we had going?Â Or just the ringing in my ears thatâ€™s been there since 2007?