The real reason home sales have softened

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

The bulk of last year’s home price rise (except in strong local economies, like mine) was due to a rebound in overly discounted prices, and now we are reverting to nonrecovery. We might get a housing recovery going if we backed off Dodd-Frank and Consumer Financial Protection Bureau hysteria, but that’s not enough.