Shhh, Don't Mention Slowdown...

At an open house in Magnolia this weekend, I met up with a realtor who was in denial. Denial about how the market is going a little soft. [CNN] He then showed me his book, which listed the number of homes on sale by month in Magnolia, from March through April. The numbers varied from 50 (March) to 70 (September). Now, I'm no math wiz, but it seems that 70 is higher than 50. Hellooooo!

It's official: The gray, old lady of New York is declaring a real estate slowdown, especially in NYC. [NY Times]