Wishful thinking. The number of spectators at the open houses don’t become relevant until they start putting up the downpayments and the wage/employment histories it takes to buy at these prices. These spectators apparently aren’t doing that, and its quite likely than many of them can’t do it. And even the ones who can do it appear to be smart enough to not do it.

The number of sales don’t lie, and neither do the price declines. These bulls can’t sell the golden dream of a home being more than shelter when those properties are dropping in value by the month.

A lot of these agents might as well withhold their advertising revenues. The homes that are selling right now probably aren’t the ones being advertised in the paper.