In a video post on a real estate industry blog, Bloodhound Blog, Phoenix mega-Realtor Russell Shaw mentioned that he discovered this week that home prices declined in the last 45 days and that his home sellers will want to lower their prices if they want to get their homes sold.
If he is correct, we’ll see it in the August sales and price numbers that come out in mid-September. Shaw has an unsually good feel for the market because he and his group sell more than a home a day.