Real Esate Blog

October 28th, 2008 12:34 AM
September actually show a nice increase in home sale. Wow, does that mean we have reached bottom and it is all up from here?? I'm no guru but I don't think we have seen the end of the housing "crisis" just yet. Way too many foreclosures on the market and many more to come. I don't see housing prices and sales going up till we flush out all these "cheap" homes. If you are a seller, or thinking of selling, you are not out of the woods as yet, so don't hold your breath. I think it is going to take most, if not all, of 2009 to get the market back in shape. If you are a buyer, it is a great time to be buying. Even the increased new home sales in September came with huge discounts and many upgrades. Hang in there, we will get through this terrible time.

Posted by Phil Turner on October 28th, 2008 12:34 AM

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