I SAW A POSITIVE STORY ON THE FRONT OF BANKRATE.COM's WEBSITE!!!!!!! YES A POSITIVE ONE!!!!! AND YES IT WAS ABOUT REAL ESTATE!!!!! CAN YOU BELIEVE IT???
I had to read it twice....but my previous blog - Is it turning? or do we just hope it is? has also received many positive comments from other industry professionals that have noticed the same thing!!
THE BOTTOM IS COMING.......and when it turns it may trend upward quicker than expected. Those that get in early will stand to make the most. The article on bankrate stated that new home sales are actually up from last month, albeit slightly, even though median prices declined. The gist of the post was that demand will likely ramp up sales and assist the rebound and likely the "doom and gloom" will likely be over late in 2008. Why so late?
Still more mortgage resets coming in the next few months and it will likely take 2-3 mos. for the inventory to be normalized after the foreclosures.
I've also noticed many other positive blogs recently and encourage everyone to do their part in assisting the consumers understanding of the situation. The more educated the consumers the more likely the news will follow suit. POSITIVE!!
Ryan Haddock
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