“A dead cat bounce is a term from the trading world for a weak upward bounce on “declining volume.” “I do not see how RE prices could rise on declining volume, so I do not think this can happen in RE.”

I think that’s a pretty narrow definition of “dead cat bounce.” And, while (in the trading world) that term may technically only apply to an upward bounce on declining volume, I think that, when used by most people when discussing real estate, it means something more along the lines of: “a short-lived upward bounce in consumer sentiment and possibly prices and sales volume after which the longer-term, downward trend in all three of those areas continues.”

Whether what we’re experiencing now qualifies as that kind of dead cat bounce remains to be seen.