I was wildly speculating on another thread that banks are holding onto their foreclosures (of which there are something like 13.5 million someone else posted) so the inventory of for-sale homes is kept artificially low(er) thus prices will stick as much as possible. To further speculate I’d say that the banks have the housing market by the huevos! If they decide to dump their foreclosures onto the market we’ll be in for one wild ride. Does anyone think this would happen?
