We need a bear fix every now and then, to keep us from losing sight. Any chance you can re-package your points and spam my wife who nags about buying now. A Macy’s discount voucher might help.
I notice Option-ARMs are not mentioned. There was an article (NT Times?) that went to great length to explain their impact. All dots seem to be connecting up, but there is still a slightly hazy area in the upper price range. It’s really the How and When upper prices will reduce. I see very little shift in asking prices in many parts of LA. However, I have noticed some homes staying on the market for a very long time. If the waiting vs denial battle is what is happening here, something needs to kick it into play. Maybe just time will slide things into a more downward spiral, but a clear connecting dot would be re-assuring.
