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No end in sight for home prices

The S&P Case-Shiller Home Price Index says price declines are worsening, with no sign of slowing down. the index fell 3.2 percent in the second quarter, compared to last year. the housing industry seems to be getting hit with one bad news after another. and the sad part is that there is no END in SIGHT. I've had people tell me that the real estate market in michigan is Dead for ever, and this is coming from a 20 year economist.

Posted by Tony Saco on 08/28/2007 11:22 AM

Comments (3)

market

3 Comments on No end in sight for home prices

AUG

2007

Real Estate is dead forever? So where is everyone going to live? Everyone in the US will become renters? Anyone making such a ridiculous statement immediately loses all credibility in my book. That's the most absurd statement I've read in a long time. Over the history of our country, Real Estate has always appreciated. There are always peaks and valleys, but over the long haul, appreciation always wins out. There will always be buyer and there will always be sellers and if prices continually declined, I guess homes would eventually be free?

this is exactly why it's a great time to invest in real estate--mike

This is the best time in the world to buy, buy, buy. Real estate is on sell in a BIG way!

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