Finally some good news in the media about the housing market according to REBAC:
It is only a matter of time before housing begins to recover from its first major downturn in about 15 years, said industry economists speaking last week at the International Builders' Show in Orlando, FL, and fundamental improvements in the marketplace could already be taking hold by this year's second quarter. "We knew we were in a correction process a year ago, and it was an inevitable occurrence following the unsustainable boom years of 2004 and 2005 when stimulative financing conditions and speculation from escalating home prices resulted in a 'grossly overheating market,'" said David Seiders, chief economist for the National Association of Home Builders.
I have seen the market improve and I think 2007 will be a better year. There is still a lot of uncertainty going on but I am starting to think that the worse is behind us. As for buying, I always believe, if you have money to invest, put it in real estate. There is no better investment.
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