I would counsel people not to think that the sky is falling.
The boom is definitely subsiding.
Investors are showing a little less enthusiasm and they're not as bullish as before.
For the past few years it has been completely a seller's market. Now buyers are going to start to feel like they have some bargaining power, because there are more choices available to them.
The whole county was averaging about 5,000 starts a year until 2002. But in the last 12 months it did 9,908.
When home prices are so much higher than median incomes, it makes for an unhealthy economy.
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