It seems hard to believe that 25000 homes sold in 2007, but then that is basically 2000 a month. Somehow that sounds different. Also, how many sold in the last six months? I know that is traditionally the slow time, but that is also the time when a 0% down subprime jumbo loan wasnt available to anyone with a pulse. 2007 started out fine, it was the last 3 months that really took it in the ass. If housing had limped along like it had in the first three months, how many talking heads would be calling down the thunder on anyone who dared to challenge their mastery of the real estate market? Alot more than there are now trying to deflect criticism about the “now is the time to buy” mantra. I guess the thing to remember is that realestate never goes to zero, it is the momentum that counts. Am I wrong?
