Housing Doom

What’s so bad about a correction from the absurd run up we experienced the last year. What’s so bad about business being forced to tweak its model. It appears to me our whole economy is is so corrupt. Big business, labor unions, financial institutions, congress. If the auto companies can’t compete welcome to the real world. I say beware of what you ask for.
Hello Austin, is anybody home? Sales are crashing and prices are rising. Haven’t seen this anywhere else, have we?

Surak-

I also wonder how many folks are looking at their stock portfolio and 401K and are just thinking that the bigger house they were planning on just doesn’t make sense any more.

Then there’s the fear of falling prices. It’s not so much a matter of waiting for a deal as recognizing that you could end up underwater.

The bloom is off the rose for RE and it will be awhile before most folks are confident enough to buy again- whether they have money or not.