Dead cat bounce. Look at charts from GD1, same thing happened then. Hence the term, “the smart money got wiped out on the second leg down”.
Anyway, the stock market and the NAR reporting an uptick during the spring selling season is nothing to help TV.
So 220 foreclosures in just a few streets and rising rapidly is no big deal huh? Do you consider the Titanic a minor boating incident? Hindenburg just a little skirmish with gravity?
220 of your neighbors seem to disagree with your rosey outlook. Even more when you add in shadow inventory.
