Alas, I hear the cry.............The global voices have spoken in response to the Freddie & Fannie bailout. Could it be that they were reading our blogposts and all of the attached commentary? The initial excitement has given way to a pause. There is a need to understand the American plan for economic recovery. The problem is, a comprehensive plan has yet to be designed, let alone announced.

No less important to the American people, the need for a comprehensive plan is required to stimulate all sectors of our economy. There will be no recovery in any market sector without a comprehensive plan. There is plenty of housing inventory for sale and rates are still relatively low. By all measures sales should be robust, were they solely dependent on supply and interest rates. Clearly, favorable economic conditions set the stage for such activity and the absence of them is reflected in America's dire financial straits.

No comprehensive economic plan + no economic stimulus = no real estate sales! At least none in the way the industry needs them to occur!