NAHB numbers out Today. Should be interesting. As matter of fact, this whole week is chock full of housing numbers. First big shoe drops this week. Sellers will realize this summer, in order to sell, they will have to REDUCE PRICES. The Denial period is over…
I still like “late summer of 2008” as the first real buying opportunity. IMHO, price drops will be rapid as reality and panic set in, and not as slow as most people think. Then we drag along the bottom for another 2 years or so.
