If we roughly, (and I me ROUGHLY) look at the preceeding dip in about 1996 and take that to the peak of 2005, we have about 9 years. So, 9 years up to the peak and what,
9 years down to the next trough? So, that would be about 2014.
Who knows, maybe things will settle out before that. But, calling the bottom has become a pastime that will likely end up desensitizing buyer and non-buyers alike to ingnore the pundits, and just keep watching the inventory, prices, foreclosure rates, and 30-year mortgage rates.
But for things to be as bad as they are, there still seems to be a lot of positve buyer sentiment out there. Just blows me away….
