Home › Forums › Housing › Last month SD RE Prices up 2.1% sales up 34% . . . is market firming???? › If anyone believes the
If anyone believes the bottom is here, then go ahead and buy, otherwise, it’s locked out forever.
Lereah has been calling the bottom every month now.
Reasons why RE will go up( or not ) : 1. Paulson and GS is pumping the stock market, so money is being drained from RE
2. Employment in food services is going up. Unemployment in high paying jobs (manufacturing, RE related) is going up.
3. Things that go up must come down, except for RE, it always go up according to NAR.
4. Subprimes are being locked out. No more easy money 100+% loan.
5. Foreclosure is ramping up. Speculators are dieing. GF is harder to find nowaday.
6. Gary Watts is forecasting 7% home price increase for 2007, (maybe 8% for 2008, 9% for 2009, 10% for 2010 you get the idea).
