Morgan is brutely honest, that's why this blog is so successful. As a card carrying member of NAR and NAMB, I appreciate the honesty. Frankly, there just isn't that much good news. I'm still waiting for those lying SOB's on Wall Street to go to jail, and they still haven't learned that the investment banks need to open up their books for full transparency. I'm really tired of people like Larry Kudlow and Dennis Kneale who are total pod people.

With that being said, there were a lot reports that sales were way up last month, but there will still be a flood of REO's going on the market for the rest of the year. It should flatten next spring, but you can write the rest of the year off.

Morgan is brutely honest, that's why this blog is so successful. As a card carrying member of NAR and NAMB, I appreciate the honesty. Frankly, there just isn't that much good news. I'm still waiting for those lying SOB's on Wall Street to go to jail, and they still haven't learned that the investment banks need to open up their books for full transparency. I'm really tired of people like Larry Kudlow and Dennis Kneale who are total pod people.

With that being said, there were a lot reports that sales were way up last month, but there will still be a flood of REO's going on the market for the rest of the year. It should flatten next spring, but you can write the rest of the year off.