John Burns’s remark in the Wall Street Journal is talking nationally, “we’re going to see another leg down” because so much of 2010’s demand was pulled into 2009. I didn’t see that coming. If it happens, it may not happen in Arizona given our very low prices in some areas. We’ll see.

John Burns, president of John Burns Real Estate Consulting in Irvine, Calif., predicts more downs than ups should the tax credit extension fail. But even with an extension, “we’re going to see another leg down” because so much of 2010’s demand was pulled into 2009.