Two more reasons we are at the bottom.....

[blogger]

Two more reasons we are at the bottom.....

Well, Toxic event #1 has just been cleared away, given the BOA/Countrywide deal. If that goes through, well, that will be a big loss for strained homeowners (I doubt BOA wil take that obligation on, or the pending legal actions....) and probably remove the chance to have a resetting event.......but it sure should calm some nerves.........

Calm nerves are helping here, but I'm certain that it had nothing to do with the fact that 50% of the inventory in the Sieverkropp addition just went sale pending last week. Guess what, that's a big number in this narrow marketplace. Looks like the inventory overhang is beginning to clear out.........

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