Although it is unlikely (barring a massive slump in confidence) that we will return to cycle lows seen post-Tohoku,
buying on dips toward 14,000 might prove a favourable strategy should wages indeed show signals of rising.
Expectations for continued improvement in housing persist, and sentiment
toward the current
buying and selling environment is back
on track from its
dip last month,» says Doug Duncan, senior vice president and chief economist at Fannie Mae.