Tuesday, August 16, 2011 11:14:00 AM
Banks aren't giving loans.
The trends you see are PRIOR to the debacle by congress and the senate and the credit rating getting lowered.
There are less homes on the market:
Most are in the long deep process (abyss) of home owners staying in homes for up to two years without paying their mortgages while the courts and banks keep pushing the process out.
Most people are not out looking to buy a house now... they're scared of getting crushed. The only ones buying are investors looking for a steal. I told this board over a year ago the market wouldn't see any REAL turn around until 2012. If we truly hit another recession, it may never happen.
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