A Realtor’s View from Manhattan Beach: “Normal,” “Mellow”

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We link often to the doom-and-gloom bubble blogs, so it’s only fair we link to this: a post from a Manhattan Beach realtor who says the market’s fine, prices are ‘fairly even’, and the bloggers got it all wrong. Here’s Realtor Kaye Thomas on the the blogs: ‘I’m noting some major changes in the last 6-8 months on most of these blogs. For one thing the authors have either gotten day jobs or don’t have as much to say because the number and frequency of posts has declined on most sites. The volume of readership has also decreased compared last year when the media frenzy was at it’s height predicting 30%-50% price declines.’ And here’s her take on the market in her area: ‘It appears we may have reached that place called a normal market. Most people don’t remember what that is but the general characteristics are...prices move up and down as does the volume of sales. The key to a normal market is no highs or lows... just mellow for a period of time.’