IMO the smart people are selling/ or have sold, there is still not too much mortgagee sales yet...if our dollar stays high, then people will not buy our products, our manufacturing suffres, then layoffs occur, the margins are lower for retailers due to lower cost, so they have to sell more to stay at same profit level, people tighten their spending habits, so spend less, so retail stafff laid off etc etc...then more forced house sales will happen, which will cause all other house to decline in value..
the value of a house is what someomone is prepared to pay and someone is prepared to sell...other than that it has no value..
