CA Renter– Yeah, I’m not suggesting that the shadow doesn’t exist, I’ve just stopped thinking that it’s going to flood the market any time soon.

I’ve heard that it’s happening Real Soon Now™ from folks of all walks of life. Everybody from neighbors to the friendly barista who assembled my Caramel Machiatto this morning. And, of course, here (first, of course!).

Keep in mind that some markets are still dropping in price and given all the intervention, that’s pretty amazing, and more importantly seems unsustainable. Heck, if nothing else, “lowest interest rates in our lifetimes” would seem to be starting to lose its allure, if for no other reason than that’s probably starting to look like the new normal. So, will we see downward pressure pick up? I think so.