Why is ‘boring’ housing market’s Q3 catchword?

(Courtesy of Prudential Douglas Elliman via Curbed)

Executives of the largest brokerages and those who craft reports on Manhattan’s housing market kept using “stable” to describe the second quarter.

For the third quarter, a word I’m seeing — as you doubtless are as well — is “boring.”

The term arises from some, though not all of the statistics. I’ve also noticed an attempt at “normal.”

I’m not so sure.  Variable?  Confusing? Troubling? Continue reading