There are two great articles in the L.A. Times today about housing and the economy. The first is on the front page. I apologize, but the link wasn't available. It's by Tom Petruno and it's called Cost of Getting By Keeps Getting Higher. I think the spectre of increased inflation scares me more than anything else. The second article, in David Lazarus's Consumer Confidential, is titled Housing Upheaval: a tale of two homes.
Now, not to fly in the face of conventional wisdom, and I know this is anecdotal, but: at our weekly office meeting yesterday, many agents were reporting multiple offer situations and increased traffic at open houses. So, are we seeing a bit of Spring recovery? Is this an anomaly or an uptick?
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