I am a little guy and I fly under the radar of the big brokerages. I do know (or shall I say am acquainted) with alot of realtors from doing transactions with them but none that I know of have bailed. However, there has to have been a big shaekout because the raw numbers were just to large for there not to have been. I think alot of people that saw easy money have gotten burned and found out that it is not like that, (at least anymore)…
I believe Jim Klinge did report he has seen a drop off in the number of closings in the past 2 months. I would expect to see that in cases of shaky or 100% financing. So again, that (at least to me) will happen in zips that are lower income. Although I bet it is occurring to some extent in other zips as well where the buyers are financing to the hilt.
SD Bear – No harm done. I thought you were referring to me. However I didn’t really read bullishness in sdrealtors postings either. I think both he and I are seeing the same thing (brisk activity) in certain types of homes in certain areas. I cannot explain it… wierd scenes inside a gold mine…
