Reply #3: Highest Un-sold home inventory (time on the market) since 1991! Seeing a pattern here...

[Up2Late]

...anyone care to point out who was President in 1991?

A: George H.W. Bush!!! DING! DING! DING! :think:

And what year was it that Neil Bush destroyed the Savings & Loan Industry? 1987???

Home Prices Forecast: First Ever Drop

Economists Predict Impending Report Will Show Median Price Has Dropped Since Last Year

Aug. 26, 2007

(CBS) The already rough real estate market may be about to get bumpier.

Economists predict a government report due out Thursday will show a national drop in the median price of single family homes since last year. If economists are right, it will be the first time that's ever happened.

"Cumulatively, prices should fall somewhere between five and 10 percent nationwide," said economist Mark Zandi.

The median price for a single-family home is currently $223,800. The median price is the number midway between the least expensive and most expensive houses sold in a given period....
(more at link) <http://www.cbsnews.com/stories/2007/08/26/eveningnews/main3205052.shtml>