Jumping out on a limb?

After reviewing the foreclosure and sales data for the Inland Empire I am going to jump out on a limb here.

I predict that the second wave of foreclosures is going to come through this winter, I am already seeing sales dry up and fast.  Inventory will build, prices will drop and foreclosures will pile up. 

Someone remember to have me review this post in February 2009 as I believe that the story will be written by then.

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