I don’t think that we are fence sitters anymore. I’d be willing to bet that many of the fence sitters have come down from fences, walked back to their rental properties, and have decided to hunker down for the foreseeable future.

In comments concerning government intervention, I am a big proponent of market forces. I only feel that the government should intervene in very few circumstances, most notably if there is an emergency or if the public safety is at risk. Other than that the market should be left to the laws of supply and demand. One thing that sets the housing market aside from others is that it is not a true market. Too much of the sales process is controlled and not open to true market forces and increased competition.