Rich Toscano on Blog Talk Radio
Rich Toscano of www.piggington.com will be our guest!
If you have questions or comments for Rich, leave them here in the comment section, and/or tune in on Monday and be a caller during the show.
Check out Rich’s latest full post here: http://piggington.com/december_2011_resale_data_rodeo
An excerpt from his article showing how inventory dropped off at the end of 2011:
Rich: This stat above, which is very important because it combines supply and demand into one figure, was substantially lower than a year prior, by 22.2% to be exact. So we enter 2012 with a fairly different setup, supply and demand wise, (and thus a more positive outlook for prices) than we entered 2011.
On a gloomier note, that higher demand is taking place in an environment of lifetime-low mortgage rates… if (when, in my opinion) that prop is removed, the housing market will have to fend for itself a bit more. Of course, that could be a way off. In the meantime, those waiting for a big price decline are likely to be disappointed.