powaseller – you are forgetting that factors other than home price affect sales. 2006 interest rates were higher than 2004, for example. You are looking at complicated multi-variate problem through a simple lense of price vs. sales. No wonder you are confused.
OH, and here’s a link showing there is some cash out there to be invested. Money market investment at an all time high.
Does all this mean I think the housing market won’t go down? No. It just means that there is a safety net down there somewhere between us and a depression.
