real estate market: How Many Days Until the Market Comes Back?
- 01/06/09 03:53 PM
There is good news and bad news. Let's start with the bad. We have until April 1, 2010 before the market begins the long process of a rebound to better days. No one wants to hear that, but let's face reality. We are in the worst economic slump, the worst real estate slump, the worst banking and mortgage slump, the worst automobile slump, the worst manufacturing slump, . . . need I go on? The list is very lengthy. But the slump is not just a little corner of the United States, or even a little corner of the world. This … (24 comments)
Each month, the National Association of Realtors® releases a study called the Existing Home Sales report. It's a detailed look at "used" home sales data from all four regions of the country. One of the key findings in each Existing Home Sales report is something called the "median sales price", the statistical price point at which half of the homes in the U.S. sold for more, and half sold for less. Last month, the median sales price in … (0 comments)
There is good news and bad news. Let's start with the bad. We have until April 1, 2010 before the market begins the long process of a rebound to better days. No one wants to hear that, but let's face reality. We are in the worst economic slump, the worst real estate slump, the worst banking and mortgage slump, the worst automobile slump, the worst manufacturing slump, . . . need I go on? The list is very lengthy. But the slump is not just a little corner of the United States, or even a little corner of the world. This … (24 comments)
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