The old geometrical truth is undisputed: the shortest distance between two points is a straight line.
How I wish the firming of the housing market and its path to recovery were following the same truth. In the last eight months, I’ve seen many signs that the market in Baltimore was beginning to recover, and at about the time when my cautious optimism seemed about to be rewarded, there would be some economic event or trend emerge which would send it back downward.
Remember that the data reported in the press with great fanfare is backward-looking. They report what HAS been happening. What I look for is activity… what people are doing now, which won’t be reflected in the data for one or two months. And I’m seeing promising levels of interest and activity.
So, keep the faith. We’re recovering, zig-zag style.
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