I agree with all_cash, we are in for wave after wave of government (taxpayer) bailout.

Also Palmdale/Lancaster.Just gonna keep getting better as the foreclosure waves crash harder into the beginning of next year.

The town probably has a population of 5k-7k and it's in rural PA but close enough to a 20k population town that suspect is where most of the residents work at.I feel like the media is trying to help kick start people into thinking the housing market is at it's bottom to get people buying again but the stats I get from my local Realtor on absorbtion rates, DOM, and prices says it's not near over yet.We also haven't seen the mass majority of the option arms begin to reset yet, that's another 2 years away until that wave gets here.

I believe it will be the next wave.

I know that was probably riding the wave, but why not repeat that with investment properties right?!

Hello John,Welcome...Geez I should have waved the last time I was there which is allot since everybody wants to have meetings in LV...imagine that - LOLEver get over to Sedona AZ?

Could the money market funds be the next wave of investor panic?

The downward spiral could spread like a tidal wave across the country, especially since our corporate elite, including Barack Obama, seem to have no real intention of bailing out families who can no longer pay their mortgages or credit card debts.

Does this mean that BofA has waved their right to the property? 

Red flags started waving when the agent said the owner would only give me 30 days to close it.