The Baby Boomer Renaissance: The Boomer Chronicles

Friday, August 27, 2010

The Boomer Chronicles

The Housing Market is Slowing Down: Why is the Media Calling it ‘Bad News’?

Posted: 26 Aug 2010 06:15 AM PDT

Sales of houses dropped about 27 percent between June and July, and the media is wringing its hands over the ‘bad news’. I read a Forbes.com column today by Stephane Fitch, who couldn’t be more correct about how to view this ’slowdown’. In part, he writes:

What if the data had said housing sales were at a blistering pace? Well, that would have been greeted as good news. I think the slow pace of home sales represents, above all, a sign that homeowners, home sellers and home buyers are coming to their senses. A market full of sober, careful players is a good thing.

Here is the link to the whole column, “Are slow housing sales always a bad thing? Hell no.”