[quote=evolusd]http://finance.yahoo.com/news/Firm-Calif-home-sales-drop-22-apf-1234460859.html?x=0&sec=topStories&pos=2&asset=&ccode=

Some tax credit lapse, of course. I can’t believe the record low rates haven’t lured more buyers to the table. Confidence is just soooooo low.

I’m staying out of the housing game. I don’t like renting, but don’t like gambling either.[/quote]

Buyers that were qualified and ready to be buy were lured by the tax credits. Interest rates aren’t that different in the past few months.

The low rates are causing a surge of refinancing… but not really drawing new buyers in…