"Archbold said the incentives, usually taken in the form of interest-rate buy-downs, may not last much longer. “It's not going to get any better than this,” he said."
"As for the resale market, David Cabot, president of the San Diego Association of Realtors and a top executive with Prudential California Realty, said agents in his company and around the county were more optimistic about the coming year.
“I believe the bottom has been hit and should level out and should be going up a little bit,” Cabot said. “I don't know if that is accurate; we'll have to wait until June to see.”
It wasn't just real estate agents who were seeing an end to the downturn. Federal Reserve Chairman Ben Bernanke spoke before Congress yesterday about the “drag from housing” diminishing, while his predecessor, Alan Greenspan, told a Canadian audience that the “worst is behind us.”
So okay, let's get out there now and start buying property!
