The Factors that Create a Normal Market – Part 2
Welcome and good morning to Mike Ferry TV week of October 17th. We started last week by sharing a couple of thoughts in relation to what are the changes taking place that are creating for a lot of the veterans what we call a very normal market. And we talked about the days on market extending, which we talked about. We talked a little bit about price reductions being a big thing today, whereas six months ago, 12 to 14 months ago, price reductions didn't even exist. We talked a little bit about the fact that the inventory is actually growing week by week, which is a good sign because it gives the Buyers several more...