Folks, this is far from the bottom. Economically we are in an extremely weak period, loss of jobs, declining home prices, inflation and of course skyrocketing energy prices (which I think we have yet to even see a slight impact from). This housing picture becomes much greater than a simple equation of inventory. We have to start thinking outside the box in order to understand what is going to happen to this market.

Not only are we far from the bottom, but we are, no doubt, going to have an unqualified President running this country, which scares me even more. I urge you all to look beyond the lines and realize that this country has some big problems economically and we are far from any sort of bottom in this recession and housing market.