Until 30-40% of all buyers from 05 (speculators) join back into the game I’m not worried. After all, this market is soooo bad but the funny thing is that’s all who stopped buying. There is no magical fence buyers are sitting on.
Edit: I love this part, “[rates are] allowing home buyers to save more than $1,500 per year.” shoot I’m saving 10k a month in reductions. No thx.