patrick.net

I believe we've just experienced a major tectonic event and no one noticed. DataQuick (which, for newbies, is an SCAL-based RE market research firm) has just release a sales & price report that omitted their obligatory "Indicators of market distress are still largely absent". In its place, they have substituted the following:

"Indicators of market distress are still at a moderate level. "

For DQ to replace their beloved motto with the above, things must be looking REALLY ugly from the trenches. After all this is DQ we're talking about. If a massive asteroid were about to strike the earth and DQNews was covering it, they would probably issue a press release that said, "Interesting celestial phenomenon to appear in the sky today. Indicators of public panic still at a moderate level." This statement is basically the DQ equivalent of screaming "FIRE! Run for your lives!!".

Add to this recent admissions by David Lereah that prices might actually fall in some regions, and you have all the ingredients for a true Apocalypse. This, coming from the Permabull Pollyanna himself. Cats living with dogs kind of stuff. What is this world coming to?

Discuss, enjoy...
HARM