This market is now distressed. There will always be enclaves of highly desireable areas that have higher buying pressure on them. Rising unemployment coupled with more defaults will probably cause this to subside. While front-line information is useful for a snapshot view, that’s all it is. This downward trend has strong momentum and will most likely be worse than anything since the 1930’s. As this becomes more relevant to people, the RE market will dry up from fear, more than abililty to pay. I saw it in the early 1990’s. It’s how humans think. See history for confirmation.
