Most are going to take it in the shorts before this is over. The lion's share of those homes won't sell for years.
Who'd buy one now, with the prices still dropping and likely to for a while.
Exactly. And with a reduced demand for local housing because of dramatically reduced federal payrolls,, who even needs a house in that area? Dramatic increase in inventory + dramatic reduction in demand ... there will be a lot of pain. And as you say, who wants to grab at a dropping knife?
And as you say, who wants to grab at a dropping knife?
I wish I was clever enough to come up with that phrase.
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