Straw the deals will come but you need a catalyst. Without a substantial catalyst there will be no deals. Hope for either a substantial rise in inventory due to reo properties. Hope for another increase in unemployment for several more consecutive months. Hope for a drastic change in interest rates. I think you will need to see them at least crack the 6% mark for anything to start to get pulled down drastically in Scripps.
Your best bet will be the reo increase. Anyways as long as Obama gets the heck out of the housing market then you should see your target in another year or two as long as one of the catalysts mentioned occurs. Prior to that you may see some onesy twosy stuff happen, maybe in Stonebridge.
