SD_R, thanks for the longer explaination. Those of us NOT in the industry need a slightly gentler touch. Normal buying just sounds like a blowoff to me.
From what Rustico posted I read that people who have been sitting on bubble gains or relows who sold before are buying now. Professionals, especially those in the upper income brackets as 2 income HH, are buying as usual. Everybody else wants to, but are probly just running their agent around since the likelyhood they qualify for the necessary loans isnt all that high.
Not what I was really hoping, as I really enjoyed the cliff jumping of fall 2007. However it still doesnt change the fact that housing, while ALOT better, remains unaffordable to a large majority of the general citizenry. We will not get better until that is no longer true. Maybe we will just see a more gentle slide in the winters with Median appreciation (Ie fake appreciation due to sale differences) in the springs. Damn and here I was thinking that reality would set in again.
