Some nuggets of truth there but an oversimplification of the nth degree. Amongst them, there is a segment of sellers that has a big incentive to list – those with equity! They have a great, perhaps once in a lifetime opportunity to move up. If you have enough equity on a mid range home you can move up to a much nicer home (the gap in pricing is relatively small now) and leverage historically low interest rates. Its the old folks who were planning on their homes financing a retirement life of luxury on beaches and ski slopes that have their plans derailed. As for RE being in depression, I just wrapped up my best month ever and May wont be far behind. I’m having fun.
