peterb, exactly right…. There is nothing out there indicating a bottom. Quite the contrary, less employment and high inflation will only add to the numerous reasons why housing still needs further to fall, most notably massive inventories and homes that are still more expensive to own than rent. The summer suckers rally is nearly over, get ready for round two it will be just as bad as round one. We will be in full swing crash mode by December08-Feb 09.
