As a potential buyer in this insane market, the question I’m interested in is whether or not prices are going down more. Right now they appear to be going up. Certainly listing prices are going up and I see properties that seem overpriced (at least to me) going pending. OTOH, I don’t see a lot of sales closing. I hear about increased activities in real estate offices, but I also hear about realtors trimming support staff because the sales aren’t happening and money’s not coming in.

If the banks are going to start putting the hammer down, then it’d be great if they started doing it (again from my point of view).