USA Today reported today:
Economic recovery is still a few months away, say economists surveyed by USA Today, but two-thirds of them think existing-home sales have bottomed out.
Both housing and automotive markets "have the potential to generate some quite large percentage increases," says Bill Cheney, chief economist at MFC Global Investment.
Overall, economists say unemployment won't peak until the first half of next year and credit markets will remain tight.
"I think (the recovery) is going to be anemic," says Allen Sinai, chief economist at Decision Economics. "I don't think consumers have the wherewithal to buy a lot of cars and a lot of houses."
Interesting comments lately from economists and the press. If your sitting on the fence now about buying, it may be time to jump. There are always a number of good homes for investors and first time home buyers coming on the market.
Jeff
http://www.englepropertiesonline.com
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