That is interesting Bugs. Perhaps Countrywide could be overexposing itself. In looking at my local market, it seems that most of the SFR sales are still for high prices, but the volume is very low. This makes me believe these sales are largely to uneducated buyers, or those moving up after selling their old house (these two groups are certainly not mutually-exclusive).
I also find it interesting that the consumer markets loan funding (in units) is down about 10%, while the dollar amount is down 5%, lending further credence that much of the market activity is at the high end (bolstering the deceptive median house price).
