We are in agreement with your boss' assessment.  In spite of what some chicken littles in the media are saying, 'the sky is NOT falling'.  This is a very normal economic cycle and those with a solid business plan will survive and prosper... those without will find something else to do.

We all hope it will pick it up. I agree and disagree with your boss on the time frame. I think it will pick it up but not by 2008. Depending on the local economy it may take longer for some region.

I am in most cases very optimistic person, but 2008 ... I just don't see it coming. The supply in my market is still not leveling off ... I thought the invetory was high in the winter and early spring and now there's another 50% more ... and not a lot more buyers. I hope 2009 will be the one to bring us more balanced market.

It really is market by market. I don't think the media has discover that yet.

54,000+ homes currently listed in our MLS. (compared to 3500 in Jan 05).  Inventory is growing daily, though the rate *might* be slowing. With 5300ish homes sold in June, that is a 10 month supply....

Ask your boss why so many people want to sell at the same time thus creating a buyer's market and why so many people want to buy at the same time thus creating a seller's market.

Its the same in the stock market, commodities market, any market.  There is a stampede of buyers followed by a stampede of sellers.  Ask your boss, Why?

Jay is that all you have in your market?

Have a look at the Orlando market.

Search our extensive inventory of available properties. All information is current and available 24-hours a day, 7 days a week.

Approximately 86496 listings now available.

http://www.VanceMLS.com

Gee our market would be flooded with 100 homes to sell. we average about 40 - 60 at any given time.

Portland metro has around 15,000 active residential listing.  Average time on the market is 60 days (double from 2006).

Really what is a Suppy anyway,

I am having steak for suppy tonight ha ha I could not pass it up.

Really Vance,I was wondering when and who was going to say that!

Have a great steak suppy!

Otay Sharron and Steve, I got to run my mommy is calling me and my Suppy is ready. :)

You guys are mean. Vance, you will understand suppy when your suppy is in demand. Hence the saying "suppy and demand". (Now if I get in trouble I am pointing at you.). Mary, you know we all do it....all in fun.

Sorry, Mary. We have ALL made typos! Vance just brings out the worst in me.

Download the Google tool bar it has a spell check that you can use before you post anything,its work great..

Mary you said Suppy to !!! bad girl

Spell check? Would that alleviate all the little white marks on my computer screen, that is such an absolute hassle.

What white marks?

Sharron, blonde joke, white-out. I am blonde so I can tell it. I would love to be red-head do you want to change for awhile?

lol-I would love to be blonde, but my Irish skin tone does not support it!

Thank YOU Vance!!!!  I was DYING!!!!!   Supply!!!! Supply!!!!

At least I was not the first to break!

Signed,

Mike Farmer  (photo is wrong for some reason....   :)

I'd say "suppy" can joing the almost forgotten "refrogerator" on the list of best spelled words :-)

well, isn't that nice! I make fun of other people's spelling and make an error myself ... what a nice word my "joing" is! ... that's what I get for picking on others!!!

lol, I think we notice it because we all do it.

I hope nobody takes offence, it is just funny. Yes, you are lucky no one else can spell join so it didn't stand owt. (yes I meant to spell out like that, lol)

Mary Welch said:

Vance, you will understand suppy when your suppy is in demand. Hence the saying "suppy and demand".

"I am not going near that one! with a 10 foot SUPPY"   ha ha ha

Suppy's Rule !!!

Vance - does that 86000ish listings in Orlando include commercial, rentals, income and land listings? (sort of implies that on your site, but I can't tell for sure). The 54,000 in the Phoenix area is just residential resale.

Jay -I believe it defaults to just residential, but since you brought it up I going to check just for the hay of it..

vance