sdr I am really surprised by the activity bump as well.
The actual ride downward is a heck of alot different then the hopes of how it will be.
This is not an endorsement to buy now or anything like that. However for those of you hoping for large declines in a short timeframe in desireable areas… Well it may be time to readjust expectations. I am more then a little disappointed as a potential buyer and am rethinking my strategy given the lower interest rates.
These bailouts are going to keep happening and IMO will not do anything to cure the problem, yet they may indeed simply lengthen the decline and decrease the slope of the decline. Furthermore I am getting more and more convinced that we aint seen nothing yet with respect to the feds keeping the financing spigot open for homebuyers.
