“Buyers are much more optimistic right now despite all the dooom and gloom of the bloggers.”
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I would suggest that 99% of the local population spends oh, about 0% of their time surfing housing blogs. I haven’t found a single friend or acquaintance who has even heard of this site (no offense, Rich). The folks I know who have purchased recently or are looking to purchase now are focused on their own financial picture, not what bloggers are “predicting” is going to unfold in the SD housing market.

I think most folks are too busy attending to life’s daily requirements, including making money, to pay any mind to these types of blogs. That being said, I enjoy surfing through here from time to time to see some good stats, some misleading stats, some interesting discussions, some ridiculous screaming sky is falling rhetoric, some good analysis, some poor analysis, a whole lot of chrystal ball gazing and indeed some very sour grapes. It’s a nice diversion, isn’t it? But surely only a fool would allow a miniscule community of faceless prognosticating bloggers to drive their financial decisions. That’s a recipe for disaster if you ask me.