WAD, you are right about who will drive it down, the builders and banks plus they have less emotion invested. The race has just started, the number of qualified non contingent buyers with a downpayment is drying up and they are going to start fighting over them. I’m probably going to go visit some models in an hour or two, not to buy, just to feel like a rockstar. Once I begin chatting with the sales staff and I divulge my situation as a qualified, non contingent guy who can move in tomorrow I know what a Playboy Playmate walking in the yard of a prison must feel like. Today should be even worse with the events of the week and the lenders tightening. I love standing inventory, it makes them so pleasant to talk to.
