I received this April real estate letter from the William and Alexandra Lohr team of Long and Foster.
I was interested in their anecdote about the Morris Farm subdivision in Gainesville selling enough houses to raise prices twice this year. I haven't seen that since 2005. It reminded me of Calculated Risk's position in his Housing Activity Forecast yesterday:
"My view is:
New home sales are at or near a bottom. Existing home sales will fall further".