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Where the real estate market is headed - The shape of things to come on Aug18 2008

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One view of where the real estate market is headed


One view of where the real-estate market is headed - and how to ... - MarketWatch


AFP
One view of where the real-estate market is headed - and how to
MarketWatch - 5 hours ago

Like everyone else, I can only guess the near-term path of the real-estate market. With that disclaimer on the books, here’s my guess.
The real-estate meltdown has gone deeper and wider than most people thought. Including me, I’ll admit. We’ve all witnessed the results, and naturally everyone wonders what’s next and what to do about it.
Evidence of a bottom
There are some signs that the relentless foreclosures and price erosion are easing. We may be hitting bottom.

1. Escrow index. Last week, pending home sales, as measured by the National Association of Realtors pending home sales index, were up unexpectedly to 89, the highest since October of last year. A leading indicator of sales, it shows buyers may be coming off the sidelines.
2. Sellers market in lower price ranges

US housing market recovery not until 2009: analysts AFP
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Tags: Housing, Housing Market, news articles, real estate market, Recovery

The Author User ImageHUD Homes Articles is Typically as soon as we hear the word "Hero" we imagine of someone astonishing with incomparable abilities - you know...somebody who is capable to jump the highest buildings in a single leap. You the Realtor apply your ethics, morals, and honesty to it, you are in life a hero, and you are in control, and how you play it, announces the end result of a hero. You save the economy by selling one house at the time. You the Realtor are what it really means to be a "Hero." Email this author | All posts by User ImageHUD Homes Articles | Topic: Foreclosure | Tags: , , , ,

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