You go ahead, “keep hope alive”! There is no getting around it. We are headed for a steeper decline in housing prices. For some reason or another you fail to believe it. I myself felt very unsure until recently. I put my house on the market in February, it sold in 45 days. However, already down 15% from peak price. I felt like maybe this isn’t the end, but it infact is THE BEGGINING of the end.
I bought my house in last downturn, because I heard it was a good time to buy. The writing is on the wall, EVERYONE is writing and talking about it, just about every news entity is talking about the housing slump. Houses sit empty, foreclosures are up. You try hard to look for random articles that claim a silverlining. When the consensus is that the housing market is tanking.
