Just a blurb that is astonishing:
"We remind investors that the headwinds from deteriorating credit will impact
supply and pricing conditions, as well as incremental demand. With delinquency
and foreclosure rates continuing to rise, we believe this will result in more
supply hitting the market throughout the year. In addition, we estimate that
current inventory figures released by the NAR could ultimately be 20% higher
when homes currently in the foreclosure pipeline hit the resale market."
