gd, I don’t think it matters

[cr]

gd, I don’t think it matters when all signs point down.

This decline was the “sharpest first-quarter decline since the government began tracking the data 17 years ago.”

http://www.cnbc.com/id/24774352

Things are deteriorating at an increasing pace. The seasonal increase in sales recently reported (thanks to foreclosures) are an illusory positive. Not to mention they are yet to be “revised.”

Raising conforming limits is virtually pointless b/c down payments are back and most people looking at $500k+ homes don’t have $100k+ in the bank.

Get ready for new foreclosure and inventory records.