01/25/2012
I am no economist but here is what I think is happening. Buyers were waiting to catch interest rate at the bottom of the decline to purchase a home. With the rates flat or slightly rising they might believe they have missed the opportunity to purchase at a low rate and as everyone should know, you rarely can catch the bottom of anything when making a purchase. I personally think buying activity will pick up. Anyway, this just my thoughts for this morning. What do you think?