“first” glimmer? What do you mean? This is very similar to all bull crap that’s been spouted over the last two years of housing free-fall. I’m starting a new hypothesis: the number of articles claiming things are turning around is inversely proportional to home prices. If I had a nickel for every “we’ve reached bottom” article…
I’m not sad that people are buying. Every time they do the comps in the neighborhood go a little lower. I’m glad it’s them buying and not me. We need people at the forefront to drive prices down. Don’t worry, the inventory is high enough to accommodate all of these knife catchers.