Thanks to the Contrarian, as always, for holding down the fort while the rest of us are on Christmas vacation.

Right now I’m in California, where I can see several new housing developments that were supposed to have been built by now have been put on hold. The market here, a couple hours northeast of the SF bay, is tanking.

Meanwhile, in Seattle, I see that home prices increased by only 3.3% over the last year. Of course, when you factor in inflation, that’s actually a decrease, but you have to make it all the way to the 9th paragraph to find that out. Yay, journamalism!