Jun
25

Market Bottoming Out???

By Jeff Kaller

Market Bottoming Out???

Extremely informative real estate market news today from Wall Street Journal:

http://blogs.wsj.com/economics/2009/06/24/economists-react-new-home-sales-stability-may-be-short-lived/

They say that indicators are leaning towards a market that’s bottoming out.  Frankly, the  way I see it, it’s been bottoming out for the last year.  Based upon new home buying activity, there is a huge GLUT.

Obviously, that’s good news AND bad news, depending upon how you look at it and what your role in the industry is.

If you’re doing short sales, it doesn’t change a thing.  Now’s the perfect time to do deals…  Go for it!

- Jeff Kaller

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