I said in this post that if May was NOT the high point I would shut this blog down. The graph was too parabolic, the fundamentals were too out of line, there is nothing to comment on when one has crossed into the world of fantasy.Inventory has been rising steadily and while we all know that prices can still rise with higher inventory as the wealthy buyers (eg HAM money) skew the market...I had decided that if the lunacy didn't at least take a break in June I would call it quits and another bear blog would have admitted defeat and closed.
Well by a hair all three averages are down this month, so unfortunately for you guys the blog keeps rolling. Condos especially have taken a big dump from April's high.
Thanks Larry for being the first one out with the data again.
