[quote=patientrenter]
Nor-LA-SD-guy, housing markets are cyclical. There are always things pulling prices up, and other things pulling prices down. When the things pulling prices up are in the ascendancy, we get upswings. When things that pull prices down are in the ascendancy, we get downswings.

Are you saying that:

a. the housing market is not cyclical?
or
b. foreclosures are not a normal part of downswings?[/quote]
Can’t speak for him, but I think he’s trying to say current flow of foreclosure will run dry eventually. Foreclosure is not the market forever.