A housing anecdote to share ...
6/15/2005 -- 150
4/12/2006 -- 540
Put another way, for-sale inventory in my price range ... in my town ... has almost QUADRUPLED in less than a year. Meanwhile, sales region-wide (I don't have zip-code only sales) were off 22% year-over-year in February (for existing single family homes) and 14% for condos. Does this sound like the makings of a soft landing to you?