Signs of equilibrium and even constraint are becoming something like common place.It’s more obvious when price parameters are relatively limited for investigations.
My particular zip looks like it is reaching something like equlibrium even with a study of the Realty Trac map(pipeline) compared to the MLS active pending.It seems impossible.It is spring. I see many of the people who I thought were in impossible situations moving right along.
It’s hard to imagine the market finding equilibrium in a foreclosure/unemployement dominated situation. It might happen. If it is going to happen anywhere, that would be Southern California.
Calling or predicting future bottoms or not calling a bottom comes down to gambling on whether some of these government handouts,inflation schemes, moratoriums and subsidy plans work together. Like Asianautica (AN), I am becoming more convinced they will. The next six months or so will be telling.
