Re: US Home Values Bottomed Out?
At the risk of being accused of being a 'chicken little' by those who maintain in the face of what's going on around us that everything is just hunky dory (everything from stalled real estate to gas and heating oil prices to more and more foreclosures and the Fannie May/Freddie Mac situation to increases in the prices of food and just about everything else because of increased transportation costs and ... and ... and ... and ... you get the point ...), I believe that we are far from the end of what's going on.
However, to go back to the specific topic about whether real estate prices have reached their bottom and are starting back up, the best anyone's crystal ball can predict is that (1) it's really unknown at this point and (2) it's also going to depend where--this is a BIG country. Doesn't help much, does it? We ourselves were fortunate in that it was our intention to be snowbirds, so we didn't have to sell to buy in TV, but we know and are concerned about so many others who are caught between a rock and a hard place....
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