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Real Estate Rout May be Short Lived

I just wanted see if anyone else read this article on Barrons.com. The focal point was stated and I quote "This real-estate rout has been more painful than prior ones, but it may be shorter-lived. Indeed, there are early signs of recovery."

If you haven't seen this article it might make you feel better if you took at look at the Barrons.com web site. The entire article is over 6 pages and make a number of good observations. It is the July 14th edition of their web newsletter.

Here are a few points that caught my attention. "existing homes are showing tentative signs of increasing".......plunge in prices .....nearing an end" etc.

It also make comments concerning the market that the media has widely ignored.

Take a few minutes and look this article over and let me know what you think.

Posted by Dave Shockley Charlottesville Virginia Real Estate on 07/23/2008 08:42 AM

Comments (5)

barrons, real estate, recovery, prices, homes

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5 Comments on Real Estate Rout May be Short Lived

JUL

2008

Dave - I have noticed a few other publications are starting to ease up on the housing market. However, I will be very interested in hearing what happens with Fannie Mae and Freddie Mac because most folks are not aware of just how deep these firms reach.

We are entering our slow season so it is difficult to measure our improvement compared to previous months.

Fannie and Freddie are the reason so many people are able own homes and why the US has more homeowners than any other county.

Edie & Sam

Thanks for your response. I was just getting ready to read and article in RISMedia concerning this topic.

Edie I agree that July and August are usually slow months anyway because of vacations. However, we have been seeing and increased activity at our Open Houses. I believe that most purchasers are now coming to the realization that prices are leveling out, and interest rates are still very low.

I will definitely be happy to get this year out of the way. hahahaha

JUL

2008

I am so glad to hear the word is getting out about something positive instead of negative. This is what I have been waiting for. All we need is buyer confidence that now is the right time to buy and they will get off the fence. We have many that are just waiting until they are sure the market is at the bottom.

Dave it's great to get some positive press and a relief to know that maybe these difficult real estate time are nearing an end

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