I think the rate of increase on the listings demonstrates what we were talking about a couple months back about how the ready availability of information might change the pace in which the market moves. Back in the early ’90s the masses didn’t have so much information from so many different sources to influence their decisions.
If a lot of people really do get financially hurt in this cycle it will cause a lot more people to research their markets from multiple sources and in multiple ways in an attempt to get in front of the trend instead of behind it. Taking that idea a little farther, a better informed buying public could self-regulate on pricing and cut down on the extreme swings we’ve been getting. That could result in a more orderly market with less drama.
