HOUSING "FREE FALL" is OVER!

That sounds like great news that everyone should know.  Thanks for sharing.

Great news and thanks for sharing. We are finding the free fall is now in pockets instead of system wide. So I guess that is good

The AP may report that the free fall is over and some markets might be showing this, but it is still slow coming in our area. 

In our area the inventory of homes for most first time home buyers is drying up, or what's left is overpriced and won't get a second look. There is still a hesitancy about buying, however, because the jobs situation is still not stable. Unemployment rates have still not peaked so there is a cautious concern in the marketplace.

I find it interesting when people believe what they read.

For decades I read every financial publication I could get my hands on and watched my stock portfolio gain substantially over the last 15 years I have owned my own business.  Many times I even thought I was smart because I read all about how the markets work and how well I was doing. Further more I started to believe what I was doing was correct and that I would be able to retire with enough money to do so.

Then last (2008) May and June (seemed like over night) the value of every stock and mutual fund I owned dropped 40%, back to where it was 15 years ago and every dollar I made plus some evaporated.

I actually went back and read all those fancy business publications from early 2008 right through when much of my money evaporated and found no publication I could find told me to grab my life jacket and head for the life boats.  Not one told me to sell everything because the end was coming.  To the contrary, all were continuing to tell me to buy and buy more every time something went down.

Lehman Brothers,  FannieMae, Freddie Mac and AIG were all still being pitched as sure things that will recover and readers were told buy more.  Never did I find any article in any of those magazines apologizing to the readers for getting it 100% wrong or letting readers know they live off advertisements for financial companies and if they told readers to sell those advertisements might be cut back.

Those who did lost it all.

Real estate publications not only did not warn the readers the bubble was going to burst they continued to tell all to keep buying so the publication could make money from those placing ads.  After the real estate market started to soften not one real estate publication I know of warned of the impending disaster.

So -- why should I or anyone else belive a real estate or business publications prediction the market is about to rise?