I have been getting a bunch of comments on some of my earlier posts asking me if I really think that it will take years for the housing market to start to improve. Now, granted that many of these are from people in the business who need to think that the turnaround is soon, but COME ON! Look around! There are probably over a million homes that haven't started their foreclosure process yet and congress is talking about putting a moratorium on foreclosures to delay the process!

The reality is that the economists for the NAR(realtors), MBA (mortgage Bankers), and various other homebuilders all see a quick turnaround. Most other economists (the ones with their eyes open) are seeing that this will take a very long time.

if you are thinking about taking a mortgage(refinancing a Forward or Reverse), waiting will only get you less money.