Maybe.

Housing starts are down, more than expected.

Just anecdotally, we've had several houses on our street for sale for months, and they're not moving. One house down the street was on the market for almost seven hundred thousand last fall. It's now for sale by the owner. He had marked it down to six something. Yesterday I noticed that the sign said "price reduced" and the flyer no long had a price.

I also noted that Zillow has dropped its estimate of our house in east Boca Raton over the past few months, by about ten percent.

I put in my address and they say it doesn't exist, then when I put in my street they come back and say too many matches (>500). I guess this doesn't work in the city!

David, try zooming in on your street manually. Once you zoom in far enough zillow should show you esitmated values.

Does it show historical estimates for the neighborhood? That would be handy information.

Round here (San Diego County) there have been reports of declining population. Seems to be a combination of things, high housing costs and high prices overall. I've met visitors from New York City who complained about our food prices.

The situation is a consequence of the refusal to expand rail and port facilities. Our only rail line is a single track to Los Angeles, and that has to be shared among freight, passenger, and commuter rail. Our port facilities are hard pressed to service more than one ship at a time. This when the U.S. Navy is handling a dozen vessels at any one time in their corner of the harbor.

So people are moving to where the living is cheaper.

Jerry, I tried all zoom levels - the problem is that my building used to be rental and recently converted (so no pricing information is available there), and the nearest building has >500 units in it that sold recently. So I either get 0 or >500 in my list, not too useful.

Apparently Chicago also doesn't report the size/#BR either, so it would be difficult to find a comparable.