[quote=PadreBrian]No one is selling, Period. Add in the refinancing/bailout of the alt-a option only bank robbing clowns. Then add in the fact home builders are squeezing the supply to keep their price up, and you finally get the SD market. [/quote]
Bingo.
I’d like to see listing history for these months from 1995-present. I think the low inventory numbers are more due to fewer listings than to higher demand — though demand IS higher than the past few years, largely because of lower prices (esp. for those who are price anchoring to bubble prices, instead of pre-bubble prices), artificially suppressed interest rates, taxpayer give-aways to new buyers, GSE/FHA/VA overwhelming the market with cheap loans and little/no down, etc.
Currently, there is every reason to have a strong selling season, with the only exception being employment. What happens when/if the govt backs down when the bond market forces its hand?
