In case you guys haven’t

[PerryChase]

In case you guys haven’t seen Rich’s chart yet, the last townturn lasted 6 years. I wouldn’t buy anything until we’re 5 years into a buyers’ market.

January Housing Data

As OCrenter pointed out, prices are down… and developers are undercutting resales. You don’t see that if you’re reading about market trends. Look at resale listings over time, compare them to builders’s new units and you’ll see that definite down trend.