According to Neil Irwin writing for the New York Times, the housing market in general, and home prices more specifically, seem to be stabilizing at last after nearly a decade of dramatic ups and downs. Buyers are no longer feeling the need to either put off buying for a better time or jump in immediately to get the best deals as the market becomes more regular over the long term.
"In contrast to the periods of irrational optimism and pessimism, the market is settling into a balance in which buyers are comfortable spending what they can afford given their income and savings, but aren't willing (or able to persuade lenders) to stretch beyond that," Irwin writes.....
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