It means that there will be many that will attempt to move up into a costlier house when they really cant afford their current house within their economic limits.This will mean short term better looking figures at the expense of longer time for a good recovery to take place by market stimulus, which is the only sustainable growth.It also means another round of foreclosures in the future to take advantage of.

So, I am hoping that means the rest of the country is having the same sort of real estate recovery.7 months inventory means there is actually a small chance of selling a house--- if one can compete with the giveaway prices of the foreclosures, which is pretty hard to do.

Do you actually believe that the USA is in recovery?

http://nreionline.com/property/industrial/industrial_sector_lags_0714/This one isn't REAL bad, just longer recovery period in other areas of RE.

Absent some change in the super-humanly-stringent underwriting criteria and downright crazy approach of banks I don't think we see a recovery anytime soon.

People here (sellers and buyers) anticipate market recovery in 5-7 years, gradual decrease in unemployment rate, and return to continued slowed appreciation in 5-7 years.

I can't help believe that this current housing bubble and economic situation would have been well into recovery if it hadn't been for the massive government involvement that has prolonged the effect of market corrections.

Of NO value to a non-boat owner.So, I have no doubt than in the next market recovery, these properties are best returned to rightful owners - boat owners who want a small condo where there boat is docked so they can easily live there on weekends and vacations.

You should be able to get away with dual rapid recovery 40s or 50s which are waaaayyyy cheaper and easier to work with.Have you thought about putting in in-unit heat in the form of 90% furnaces or electric baseboard heat?

War is very different from sports or athletics.