The number of houses on the market are dropping, but the number of closed sales are down even more- which means housing inventory is still too high. With all of the changes and new restrictions on financing I doubt that this comes as much of a surprise to anyone.
In September of 2004, The News Tribune reported that the median home price in Pierce County had topped $200,000. That was a big deal at the time. That was also the year I bought my first house and started investing in my 401k. According to my 401k statements, my stocks dropped about 40% this year- so for today I’m feeling a little bit better about my house…
