RE: Million Dollar Home Sales in UP

Eric, I think that two things are at play here: rising building costs (copper is out of sight, in fact they are now plumbing with plastic tubing in place of copper water pipes — good news, they do not freeze) and the rich are getting richer, the middle class more middle. Proof. Plus people are moving to Dallas, we have solid job growth, we have the Barnett Shale. But that’s just what some of my sources tell me. I spoke to a home builder the other day who hasn’t built a spec in two years — HE THINKS THE MARKET IS SATURATED. Tell you this — and please pipe  in — the spring market is going to be like a shot of truth serum for this market.