Dr. Elisabeth Kübler-Ross, five stages of grief. Denial, anger, bargaining, depression, and acceptance.
Simplistic, I know, but it seems to me in the local housing market that we've gone from outraged denials, to blaming the media, to many facets of "we're different", to lower prices are a 'good' thing, to lately....... an eerie quiet.
Have we entered the depressed phase?
Seems like it.
4 days ago