It's Beginning To Look A Lot Like Christmas. Or At Least, Time To Buy Again!
It's Beginning To Look A Lot Like Christmas. Or At Least, Time To Buy Again!
It's been a wild ride, hasn't it? The crazy high. The crazy low! Foreclosures everywhere you look. News folks basically proclaiming the end of civilization as we know it. It's amazing we didn't see people holding signs on the street corners stating "The End is Coming! The End is Coming!"
Well, guess what? Now, they are reporting that the end really is coming. It seems that the signs of the times are pointing to a housing reversal. Namely, two things are pushing us to an end to this dismal housing market we are now in:
* a historic drop in new construction around the U.S.
* a steep decline in prices nationwide
These two things must be coupled with a shift in the economy - job creation and consumer confidence - in order for them to make the huge impact economists are predicting. For now, it looks like the housing market is returning to the pre-bubble days.
The market is still going to vary from city to city but for now at least, it seems things are getting brighter. It's beginning to look a lot like Christmas! More accurately, it's beginning to look a lot like time to buy again!
