LARenter,
Most of the agents I speak with have been doing this a very long time and have given up trying to predict the market. they deal with what is in front of them. I guess that makes the sample of agents I speak with biased as its probably the Top 20% of agents. They along with me are dealing with mostly quality buyers or listings that attract quality buyers. Many of these people dont view housing as something to time beyond timing for their persoanl needs. They have equity from current/prior homes, cash reserves and good incomes. I’m sure there will be some fall out due to the subprime mess but I guess we dont see all that much of it in these parts of SD.