The greed cycle has passed to the fear cycle, with people begging real estate investors to take those properties off their hands, quickly. Kinda like today's stock markets...
I do not see it getting beter for a while, to many Arm’s resetting on house where the owners have to little equity or are flat out upside down. I have read several articles on buys not lowering prices and sellers not wanting to pay what is asked. It got me to thinking that in the current market these home owners do not have equity to move the price to sell and becasue the market has fallen in many areas they mey not have the value to refi. They will cut back if they can stay in their homes and you get a consumer driven recession.