That small bump in house sales were made up by various factors like FED stimulus and routine summer sale etc. Now the market will sure come down and even drastically we can see many surprises when 2005 crazy buyers need to exercise their ARM options and how many might have done and how many going to dump all these as back to inventory. The big question is how long still Fed hold this housing on their back. Especially it is going to be cooldown sure for the coming months especially after November onwards it is kind of almost flat in sales.
