[quote=deadzone][quote=AN][quote=deadzone]But with a limited pool of organic buyers I don’t see home prices remaining afloat for much longer.[/quote]
Where did you get this information from?[/quote]
Well given that San Diego home sales in May 2011 were 27% below the historical volume for May (according to UT) even though interest rates are at all time lows and as Rich points out home prices are genrally reasonable now (not overpriced nor cheap). This leads me to deduce that there just may be a shortage of organic buyers.[/quote]
Or it could be a lack of saleable inventory which is the far bigger culprit.
