Good work Stan, the pain train seems to be just pulling into 4-S, right on schedule I might add. 5% average reduction in 3 months is a nice start but I bet that all these didn’t get snapped up once they lowered their price. This should be the start of the snowball effect, falling prices can entice some but will also send others to the sidelines, banks and builders will become agressive to get ahead of the falling curve, causing more foreclosures because people will not be able to get the appraisal needed to refi, this story will start to get real interesting from here on it, keep us posted, your data is months ahead of the media.
