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Karmazin Video Provides Some Sirius Answers

As I live in on of the worst housing markets in the country, and I run a moving company, I feel I have a decent grasp of housing here.
1. Houses are moving at a new accepted low rate. More stubborn people are giving in and selling lower, this is good. Owners realizing losses and taking them are what recovers markets. Selling to a person who buys at say 110000 on a house that someone bought for 180000 is progress. Now this new homeowner will hold that house for a lot longer and make new payments longer than the existing owner would have. As new prices settle in, more people will buy, and more banks will lend not wanting to be left out in any new surges. This is good news. Dont worry too much about the price the houses are selling for, just that they are selling. The new lows will rise in infaltionary conditions, if anything, making some money available to the consumer markets.