Maybe I should start a new topic, but I’m wondering who is buying out there these days, maybe the Realtors can comment.

Is it first time buyers? Are people moving up, moving down? Foreigners? And how are they paying for it these days? 20% down?

I tend to think we are in a transitional phase where people might be moving into something more affordable, but then there’s the issue of how they sell what they currently own and can’t afford. I’ve read of people fraudulently claiming rental income on a house they own only to foreclose on it once they close on the new one. Seen that?