yes, SDR, I am well aware of the *intentions* in keeping RE elevated. however, intentions are one thing and real world is another.
They still need to find job growth to keep the party going. Without that, things will go down, on way or another. Either that or some fed wizardry inflation everybody seems to be expecting to prop prices up. Though, I don’t see any reason for that in the near term and really, without evidence of freshly printed $$ washing over the land, it’s just a faith based assertion. All evidence points to $$ becoming more scarce amongst the populace.
We depleted a good bit of pent up demand since last spring and with negative job growth there is a lot less left. how much is the question as well as the supply releasing issue.
I can’t imagine them going through too many of the 10 million delinquent FBs, too fast. Which means supply will be slow to market. Which matches up with slowing demand from depletion.
This year probably will be a lower sales volume year as compared to last as demand and supply is depleted. Though, I believe low velocity comes with its own set of deflationary problems.
