Good idea, it could be that, it could be the trigger happy buyers out there waiting for some kind of price reduction no matter how small, and had to pull the trigger on buying a home.
But whatever it is, I believe it is short lived, and the bulls shouldn’t be celebrating as much as they are. All the analysts on CNBC are calling the soft landing scenario as true and a success. LOL! Its all over then, lets go borrow some more money and buy a home!
The foreclosures, short sales, and negative momentum has started its downhill roll. It may hit a few bumps that spit out strange data, but obviously, we have our reasons for expecting a continued decline.
