Purchase activity appears to be attempting to shake off the cob webs…..
By no means does any so called expert have enough facts to call an end to this recession/depression. Many key indicators signal things will get worse. I can add this as a fact. We are receiving many more calls every day regarding purchase money. Refinance still far outweigh purchases but we are finding activity is increasing ever so slightly, with most of the inquiries coming from first time home buyers.
*** If you do not currently own your home, you pay your bills on time and you have a couple bucks saved up -------
There may never, ever, ever - ( i am not kidding about this!! ) - in the history of the world be a better time to buy a house again!
You are what is known as a seller’s dream – a non contingent borrower. Side by side with an experienced real estate agent and a strong commitment letter you are driving the bus and calling all the shots. Many contracts these days are based on the sale of a purchaser’s current residence. Well guess what, houses are not selling.
Find out what you qualify for today. Money is available to lend!

Hopefully they will listen to you, my friend.