SDR I am not really concerned about the preciseness of the numbers on foreclosures.
Just so you know I appreciate the way you are handling the scrutiny about selling. I have a client who wants to sell and buy, so on the one hand I am telling them about the problems of waiting(to sell) and the problems with jumping in (to buy)! I thought about something after reading your response to JWM. If the really “bearish” guys like me are wrong our reputation for being savy Realtors gets creamed, not to mention we will have squandered lots of business. So it makes sense that a Realtor would not go too far out on a limb for self preservation resons. I am sticking to my guns but I think I will get more open to the clients we have been talking about who just want to or are somewhere in the process of making a house swap. Average first time buyers need really strong counseling towards being patient and getting themselves in the best position the can be in. The risk is, and it has happened to me over and over,that they just go buy with someone else. I am learning to counsel people without losing them and I am getting a list of buyer clients that will be loyal to me when ever they buy.