The bubble continues to have a long, grinding, we see the traditional ' buyers-buyers strike ' deflation ' spring has not appeared, in spite of the historically low interest rates and home prices continue to be discounted prices only asking for 2-3 months.
This is the national home and the purchase of the application directory. It is a measure of the degree of process applications, buy a new home. The research is relatively flat, that about 50% of all households were made up of large lenders are surveyed every week. If this was a dying patient's EKG, paddles, Get stat.!
You can see in Q1 2010, the horse is the home buyer tax credits and mortgage prices, according to a major push to lower the FED. Tax credits expired at the Federal and State level, the number of new buyers began to disappear. Then in Q3 2010 and during Q4 2010, we had an excellent fixed-interest mortgage
This prompted buyers to get an application and begin the process of buying a home in another group. Inflation, the federal budget problems the views of the national economy and a better environment (b.s.), mortgage rates moved back again to the level of the best in the history of the evening. The inventory, which appears in the local real estate market, as well as the number of the page 
is huge: these are homes owned at this time, Freddie and Fannie FHA. They may be or is not yet on the market. Some are fixed, some of the lists, etc. Like all the goods/services, the demand and supply will lead to should be adapted to take account of the prices in the market. I expect much lower (in full compliance with the requirements of 10-25%), the prices of some of the former bubble States. If people are worried about jobs, and unemployment is about 9-10% of all households were made up of any housing stability cannot be expected, the Golden State, unemployment is 12,3%, Ouch.
Now, in the light of the recent shock, a wallet with $ 4 gas, household and business with the it budget is going to be tough in the spring period can be sold. The closure of hundreds of stylish shops, makes the same, it does not send the confidence of the people as they go about our daily lives.
Buyers ... remember, it's asking price. Similarly, the right to organise. Here is your jumbo mortgage interest chart:
How low prices can go to housing?
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