Keep your eye on the stock market and listen for the “R” word. Right now many people still feel safe to make a home purchase even with these idiotic fundamentals. Currently there are many rumblings on Wall Street about the impact of the subprime meltdown on the US Economy. I think most people on this board know there are alot of bad loans out there right now. IF we see a major stock market correction and the mainstream media picks up the “we are going into recession” narrative, with the spotlight being on the mortgage industry, I have a feeling that will sideline alot of people considering a home purchase. This is the moment I have been waiting to see and in all honesty I have know idea what to expect.