A somewhat interesting story and BOLD predictions by Business Week Magazine. Some good points, but overall I have to differ with this article. I believe, and the real life stats are telling us that we may be close to the bottom in many markets and already AT the bottom in others. I am not kidding and I am not being a real estate agent saying, "duh, it's a great time to buy a house".
Nobody likes to have their intelligence insulted. For quite some time I was telling everyone that it was not a good time to buy a house. But some areas are seeing over 50% of the inventory as pending sales. This is a key stat that shows the market balancing out and seeing a lot more activity.
Plus, who really knows what will happen in 3 years? Heck, I am not even sure what I am doing for the 4th of July! JK....
So click here to read this article, kind of interesting. You can draw your own conclusions.
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