From the North County Times, we have Dave Downey, a "staff writer" (a.k.a. "male homeworker") writing about real estate: Home sales plunge 31 percent in July.
The median condo price fell 10 percent year over year to $359,000 in July, the report stated.
But Kevin Burke, a Del Mar real estate agent, suggested the condo numbers were misleading.
"That just means we flooded the market with condo conversions. That doesn't mean the market has come down," Burke said.
Hmmm... The market is "flooded" with condos. Lots of supply, not a whole lot of demand, prices have already fallen but that doesn't mean "the market has come down".
Halleluia, brother, and pass the bong!
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