I am curious to see the actual numbers that come out of April 2008. I know alot of gossip was that activity was picking up and that sales were finally getting done so it must be a bottom. That is in Late Feb to March of this year. I remember posting a UT article that specifically refuted that, as sales in March made one of the worst increases (they normally do rise in the Spring) in recient years. Infact if I remember right it was the slowest March since 1988 when records began.
Maybe since so many are short sales taking forever or so many are foreclosures with all the grief of Bank owned, the buying surge is just delayed. Maybe alot of activity is happening outside of the recorded areas (For Sale By owner). Maybe alot of things. Maybe this really is a bottom as buying a house has moved up so high on the priority ladder that other things like 401k’s, college savings plans, and European vacations are being dumped or underfunded. Maybe I am really terribly underpaid with my multiple degrees from one of the best institutions in my well funded field. But until I see data confirming this ill just take it the same way I did all the talk in Feb. “Lets wait and see who is right.”
