The Daily Plunge

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.