“You probably won’t see the bottom until 2011-2012 and by then, there will be plenty of houses to choose from. And after the bottom is finally found, prices are not going to magically zoom upward again for a loooooooong time. Any rational, logical person can simply look at all the information that is readily available on all the major, news websites and in newspapers to see which direction the economy is headed for the next few years and what’s going to continue to happen in the housing market.”
This is not just one house.
Another sold earlier this week, “a piece of sh**”…
Though I am hopeful of this happening,so that I can scoop up the house of my dreams for a song. I am afraid that somehow the lunacy maybe struggling to continue. My husband keeps saying these people bidding up this house are stupid, they are keeping the overpriced market from falling.
I see the number of listing dropping drastically instead of rising. Though I do see the “plain vanilla median” dropping.
My kids are calling to me constantly “there’s another one”, “there’s another one” “these ones have kids”……….this is 2:oo in the afternoon on a Tuesday! Whole families are available @ 2 o’clock during the middle of the week?……..