Carpe Diem has done a wonderful job showing home sales trends. Home sales are up in California, Florida, and Arizona, but the median price has fallen. This is most evident in the state of California. Here is the data for Florida.
This is the market at work. The government isn’t causing this to happen. Home prices were inflated above the market price. Now that the price has fallen the market is taking care of itself. He also has an eye opening graphic that displays supply and demand in action.
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you should have the sesame street theme song play whenever you talk about “economics”. you have such a way of breaking things down to their simplest form. quite an art.