Shouldn’t we consider how long sales will continue. Making an assumption sales will continue at this pace. Once people walk away or foreclose, all those people aren’t going to be buying for a couple of years, if they get their credit in order. That leaves the piggs and others who didn’t take the bait and buy in the boom. Most of us are waiting for prices to get lower. Spring is getting fence-sitters and knife-catchers to pull the trigger, but how many are there that will absorb the inventory and continue to absorb the inventory. Overly optimistic, I think, to assume the sales will continue at a high volume.
