There’s so much negative stuff going on with our country and the world right now that it’s easy to be negative. But I woke up recently and thought, ‘what other country on the planet has a huge population base, incredible natural resources, an amazing technology sector, a somewhat free market economy and, perhaps most importantly, an entrepreneurial spirit? That would be us folks, for which I am eternally grateful.

A number of us attended a Morgan Stanley webinar this week. It reported that transactions are down through the first six months of the year, but that prices continue to modestly increase. The reasons? Weather (East Coast), remaining shadow inventory (the West) and lack of availability of product (supply).

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