Clearly, housing continues to underperform. But as long as demand keeps growing, it's just a matter of time before the housing market turns around and becomes an engine for, rather than a drag on the economy. Despite improving affordability and very low intrest rates, existing SF home sales remains weaker than I would like to see. Historically, the housing market sees one new home buyer for every two new jobs created, but this time around that has not happened. Job growth has been vastly outperforming housing.... Many buyers are just sitting on the fence. Our guess that consumers are waiting for home prices and even interest rates to fall even further.