[himno hero]

To me? This is the best indicator of the economy. If things are looking up, people will look around and trade up. They will bite off the mtge to make it possible. Here, the White House is boasting a recovery for their propaganda. Reality? where the rubber hits the road? Crapppola.

Its all about future expectations, and that conman, Obama, doesn’t create a rosy future!

[wmfights]

If things are looking up, people will look around and trade up. They will bite off the mtge to make it possible.

Something to consider is how demographics influence the market. In addition to the contraction from over the top pricing and supply being way too large is the largest buying group (baby boomers) are not looking to go up, but are looking to downsize. IOW, we can get back to pricing based on 1/3rd of income paying the mortgage principal, interest, taxes and insurance and still have a drag because the numbers moving up don't match the numbers moving down.

[TexasFreeper2009]

I've had two signed deals recently that fell through literally at the last moment. I have heard from friends that have experienced the same.

It's awful out there. Don't spend anything in anticipation, wait until the money is actually in your hand or live with the regrets.