housing bottom: What’s the Significance of Predicting a Housing Bottom? - 07/08/11 03:14 PM
With almost 25 million unemployed or underemployed and with consumer confidence feeble at best, what’s the significance of predicting a housing bottom?  Will it mean that home prices have stabilized and that the housing crisis and recession are over?  Does calling a bottom mean those who have been “fence-sitting” will be rushing out to write purchase agreements?  We have to look no further than recent sales activity to see that consumers won’t be enticed into purchasing by pronouncements. 
 
But some financial “experts” have recently stated that housing has finally reached its bottom, that the price declines we’ve seen during … (35 comments)

housing bottom: Forget Looking for a Housing Bottom - 11/10/10 11:19 PM
While the pundits and economists have begun making projections on when we’ll begin to see home prices increasing, we can forget looking for a housing bottom. Macro projections may make for interesting headlines, but what homeowners want to know is when the price of THEIR home will increase; and the answer to their question could be: NEVER.
 
Much of the past year’s home price fluctuations resulted from the Housing Tax Credits and the nation’s widely varying unemployment rate. Once the Tax Credit expired, prices in most areas returned to their downward trend. However, some areas of the country—the area surrounding … (67 comments)

 

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