[l2ridehd]

This article is 8 months old and a lot of things have changed in that time. *New home starts and building permits were at the lowest levels in July since the early 90's. *Available supply has dropped from 14 months to 11 months. *Still needs to go lower, but a significant move. *With building slowed and supply dropping, we have reached the bottom. *Buyers, even what few there are will cause the supply to drop more over the next 6 months. *Supply will be slow to drop as we are still having some foreclosures and pent up seller homes to deal with. *Not sure how long we will remain flat, but I for one am moving from cash and stocks to real estate. *Over the next 6 months I will move into RE at least 35% - 50% of assets. *Still watching and moving slow, but am moving in that direction. *Buy low sell high and now is the time to be buying real estate. *The next wave of rich folks will buy housing now. *