Great to see you here Jim. I love your blog, and I read it a lot. You are wise and honest and analytical, all traits I admire. I hope you will keep posting.
I have several friends who are realtors, and I respect their view, although different from mine, that if you find a house now that you really like that you can afford with a 30 year fixed, buy now. I personally will wait for the bottom.
Correct me if I am wrong, but I don’t think RE has a dead cat bounce; it is not liquid like stocks, and moves in one direction for many years, slowly turning once every 6-10 years. So I will wait for DOM to reverse, inventory to decline, and HAI to go back to its historical level, whatever that is. Is HAI 25% in SD?
