I had this grand blog relating concepts of physics to real estate and ran the idea by my obliging husband to get his opinion.
I started out talking about the difference of velocity (how fast something is going) and acceleration (the rate at which the speed is changing), and then began relating it to the state of real estate in Phoenix metro.
He listened to me patiently, and then looked at me and said, "You mean, trends."
Well, yes, that is exactly what I meant.
Today’s trend is that the rate of depreciation may have reversed – once we have a couple more months of data, it will be clearer.
What I find most interesting is that Mike Orr called the bottom of the real estate market. Look at where the greatest rate of depreciation was and where it appears to have changed.
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