Nothing New

Still here, hanging out, waiting...No more showings since those last Monday, and nothing to report from them.  The housing reports came out today and told everyone what we're already experiencing first hand....no one is buying.  It's a vicious cycle we're caught in, isn't it?  The prices have fallen, largely because they were inflated in the first place.  Those buyers that can qualify, a smaller pool than in years past due to the large number of job losses and tighter lending requirements, aren't making any moves but instead are waiting for the prices to drop further.  Which they will if no one buys.  Which then makes it even harder for us homeowners in a tight spot to gain some traction and recover from the job losses and deep losses in equity.  Which then slows down the large scale economic recovery as we continue to live on bread and water and not much else, pinching pennies and waiting for things to improve to give us some more wiggle room in the budget.  So nothing new to report.  Still waiting.....