While many will be under the financial pressure, Energy cost is rising faster than Job Growth % and prospect of job growth. e.g. Oil price went up 40% while markets rallied 20%.
50% of Americans are two paychecks away from going broke. American wealth is not what it used to be, just a few years ago.
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We do not have R.E. recovery yet. There are many who are going through detrimental financial trouble, and it will take more time to recover from the current economic crisis and the recent hyperbole price action is unreasonable.
http://www.cnbc.com/id/29779920
Spring Sale: Home Sellers May Flood the Market Soon
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