[quote=sdrealtor]… it could take as long as 10 years to get through this, that they will keep at it as they have been doing to work through all properties (what we refer to as shadow inventory) and that there will be no foreclosure tsunami.
My prediction for the RE is unchanged. We are in for a long period of stagnant/stable prices. No big ups or big downs.[/quote]
This makes alot of sense to me, but a less-volatile supply side suggests that we keep a more watchful eye on the demand side as an indicator of future direction.
Unemployment, health of small businesses, interest rates, loan availability, stock market (assuming people keep the money they save for a down payment in the market) and a few other things factor into this.
