I guess.

That's the take from this article, written by some guy from the Associated Press.

If you think the market has a lot further to fall, you'll read a lot of stuff that makes you feel good.

If you think the market has just about leveled off, as I do, there's a lot of things to contradict.

For example:

"The downturn here is more severe because the upside was so big," said Karl Case, an economics professor at Wellesley College.

Severe? A 3-7% drop in price is "severe"?

Only if you're trying to sell a property you bought last year.

Um, why are you trying to sell a property you bought last year?

Here are two quotes I can agree with:

"We have lousy demographics, and we've built a lot, and we have high prices," Case said.

"It's a period where sellers hold out, and buyers lowball their offers, so you don't get agreement," Case said. "You don't get the price declines you would get in an auction market. People hold out, so what goes down is not so much the price as the quantity of sales."

Exactly. Whoop-di-do. Wait six months. I've had headaches that have lasted longer than this market slowdown.

Geez.

More: New England housing market reverses course - By Mark Jewell, the Associated Press, by way of The Boston Globe