Looks like a typical dead cat bounce here and pumping by the real estate media confirms it. Real estate bubble busts don’t recover in a period of few months, they take time. Along the way, they take suckers who were standing on sidelines checking listings everyday. These buyers are rady to jump in the markets because they have been stung before, being priced out of market. The smart money always looks at broader real fundamentals. We have a slowing economy, rising rates, possible defaults coming in, etc. And this guy with his tunnel vision, looks at buyer/sellers ratio jumping by 2 points and starts shouting “Its over”.
