Premature to call the Real Estate market "cooling" over

Implications: Similar scenarios throughout the country show RE market trends.
Who will "blink" first is still a guess.


Analysis: Oregon, as some other states, has a large net influx of people into the state (a 62.5% ratio--second highest in the country), yet here are some interesting statistics:

- Prices up 25%.

- Inventories up 393% since January, '06, but down 23% from August, the peak.

- Transaction volume down 27%, in the same time period.

- One trillion in ARM's will adjust this year, so be prepared for more foreclosures, creating downward price pressure.

- New home inventories are NOT included in these numbers, and still have to be worked down.

- Lastly, affordability continues to go down, so it is entirely too early to say OR PREDICT that the residential market will recover in 2007.