Market Update

We may have to wait a little longer for the market to capsize.

Five straight months of declining sales volume (Jan - May), with corresponding gains in inventory, whetted concerns about a market plateau.

Then came June, and sales volume increased. Some credited seasonality, rate stability, the diminishing patience of market doom-and-gloomers.

The early word on July is the same: market activity up, diminishing levels of inventory.



Oh yeah, the alligator has this to say:

"Funny nobody talks about a gasoline bubble, even though petrol prices have undergone sudden, wild price shifts. Is anyone taking public transit just for a few weeks until pump prices 'correct'? Holding off on a RAV4 purchase until gas prices 'plateau'? Most consumers seem resigned to this higher valuation, as justified by demand and scarcity. Demand and scarcity, scarcity and demand, hhhhmmmmmm...."