FORGET LAWS OF SUPPLY AND DEMAND

Realtor quoted in the WaPo unfazed by rising inventory in DC. "Prices have more or less leveled off" as the inventory of homes for sale has grown, says Donna Evers, head of Evers & Co. Real Estate Inc.

Inventory, Evers said, has reached numbers not seen since 1999. But she said sellers should not worry: "1999 was a boom year." Maybe so but given how quickly the backlog has grown and the fact that the Fed is not done boosting rates, if we were selling we would be very neverous.