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Old 08.03.2009
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Welcome to the bottom: Housing begins slow rebound
Quote:
It was — note the past tense — the worst housing recession anyone but survivors of the Great Depression can remember.
From the frenzied peak of the real estate boom in 2005-2006 to the recession's trough earlier this year, home resales fell 38 percent and sales of new homes tumbled 76 percent. Construction of homes and apartments skidded 79 percent. And for the first time in more than four decades of record keeping, home prices posted consecutive annual declines.
A staggering $4 trillion in home equity was wiped out, and millions of Americans lost their homes through foreclosure.
Now take a deep breath and exhale. The worst is over.
http://news.yahoo.com/s/ap/20090802/...d_year_outlook
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Old 08.03.2009
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These people aren't paying attention if they think this is over.


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Old 08.03.2009
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I don't believe it is over either.
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Old 08.03.2009
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Here's more.

Absolute Price History 10 Cities



http://1.bp.blogspot.com/_nSTO-vZpSg...009-07-TC3.png
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"When things look bad, and it looks like you're not gonna make it, then you gotta get mean. I mean plumb mad dog mean. Cause if you lose your head and you give up, then you neither live nor win, that's just the way it is." --the Outlaw Josey Wales
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Old 08.03.2009
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Having been in the business of buying , remodeling And selling home's for many year's I can only say this " IT AINT OVER " !!!
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Old 08.03.2009
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Just wait until they have to jack up interest rates to fight the inflation of printing a trillion bucks that they dumped into the economy over the last 9 months. You never seen home values sink until you seen 15% on a 30 year mortgage.
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