If we see a spike it will take a nice chunk of underwater homeowners back above water. It was also give the underwater folks considering strategic default a reason to hang on. Things are changing and I am surprised by it but what I see looks very real. Strong buyers with great jobs, income and assets are having a tough time finding homes to buy. That demand starts piling and who knows where we go.

Im not predicting a raging bull market with massive increases but I’m pretty certain what will commonly be referred to as a bottom is well behind us. Better deals are not ahead. Maybe better homes but not better deals.