I understand that many of you here are very strong in your convictions. I’m just sharing what I am seeing in the market. I wish everyone good luck, whether they decide to buy or rent. However, the steep drops that many here are projecting (and have been projecting for some time) are just not happening — not in areas others want to live in. Unless you are looking to buy 40-50 miles out, I’m just not seeing it.

Also, I don’t know many homebuyers today that are looking to turn a quick profit. I do see many who have already made a nice profit putting that money toward other homes, and this is one reason why prices continue to move.

As for Pulte in LCR, there are sold signs all over the place and their next available home is not ready until late 2007. Sorry SDRealtor, I think you need to do some better research.

Pulte in LCG is moving as well and inventory they had a few months back is completely gone. I’m not betting on 10-15% appreciation YOY, but I am betting against the declines you all suggest and stand by my earlier comment of backing Scruffy’s assessment.