February 19, 2008

'I was priced out of the market until now'

This Fresno Bee article on falling home prices is significant for two reasons. First, it covers the rarely seen flip side of the story: lower prices mean more affordable homes for buyers, including first-time home buyers who were frozen out of the bubble market. Second, it suggests that some of those buyers are now moving into the market, at least in Fresno. Eventually, that's what it will take -- more demand -- to bring equilibrium back and stop the slide.

Posted by dweintraub on February 19, 2008 6:16 AM