We’ve had 3 year of opportunity to buy real estate at bottom pricing provided someone casts a wide enough net instead of following a very narrow list of criteria. I think MSM will be widely reporting the “bottom” pretty soon. Along with the very low inventory, I think the bargain basement and low offer days are done. The low interest rates will continue to help prop this slow recovery up.
Given the mess in Europe, our government will have the ability to keep down the low rates for quite a while. Remember, an ultra low rate is very good for world’s leading debtor nation.
