I told you all it was coming and this is what will finally start to make a difference. Perception becomes reality and perceptions will begin changing. By September/October there will be no denying of what is going on with prices. Still it will take time, so dont expect major price changes anytime soon. But they are coming….
As for the ARM issue, everyone in my circle of friends is pretty conservative, most have 30 year fixed rates and no HELOCS like me. I’m sure there are lots of them out there, I just dont see many of them.
