Replies

I don't see any national trends yet, but it's wise to watch for them.
In fact, I've seen some strong markets this spring in the mid-west. That could be spring fever however. Prices are awfully high, that's for sure.

I don't like the numbers, but you have to look at each region and factor in circumstances which may be influencing national numbers. Building in flood/hurricane damaged areas is expected to be strong, but does it really reflect growth? Rising interest rates are NOT good, nor are a 30% increase in foreclosures. Equity loans, those can mean a few things, but generally it means people are consolidating high debt loads in order to keep their heads above the waterline. Not good.

It's wise to be cautious, and if you can pay off as much debt as you can in case things do go bad. The last thing you want is to be caught holding a large amount of debt when interest hits the roof.

I don't think it's a national crisis yet though.

All he's saying it watch for sudden changes.