If so, now that the Supreme Court has slapped it down, should we expect a loosening of the real estate market? An uptick in inventory?

Thanks in advance

Even if so, I doubt it makes much of a dent.

Exactly. This happened to those at the beginning of the sub-prime mess. They could sell and avoid foreclosure. That ability went away went the market tanked.

There is no foreclosure moratorium in place as of July 31. However, there is a new set of CFPB rules that go into effect on Sept. 1, which are like a partial work-stoppage on foreclosures with multiple exceptions.

Inventory has been slowly increasing where I'm at.

We've gone from less than a month of inventory to 1-2 months.

Stabilization will probably happen, and I think high demand will sweep some incoming foreclosures off the market.....but I think something is looming on the horizon that looks allot like 07-08.

Dos Tasadores De TAMU said:

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Inventory has been slowly increasing where I'm at.

We've gone from less than a month of inventory to 1-2 months.

Stabilization will probably happen, and I think high demand will sweep some incoming foreclosures off the market.....but I think something is looming on the horizon that looks allot like 07-08.

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Why?

Tons of new inventory being built?

Housing prices at 2x replacement cost or still priced below replacement cost?

The silver tsunami coming early as boomers die?

The two million illegal aliens coming over going to live in hotels?

The 120k Afghans going to live in caves?

What is it about the fundamentals of the market tell you it's 2007?

"Something is looming" is classic I just pulled that out of my azz. I'm open to see good data but just a hunch doesn't cut it.

As long as inventory stays as low as it is now, real data, it's a sellers market. Inventory is extremely hard to supply.