I claim to know very little about the real estate market. I sure hope that people who say that nobody knows is right. A friend of mine keeps telling that I will sell my home as the economy is improving. I say, you can quote al the statistics you want but I need someone to make me utter the words, "it's sold".
Today's article in yahoo finance painted a very bleak picture for the future of housing. Prices heading down even further.
It made me feel like like I have two chances of selling my condo in CT,
"SLIM and None".
I have been informed by several REA's that one will not see the money spent on improvements but I personally feel one might have a better chance to sell their home.
IMHO - For those who are trying to sell their home, country wide, the housing market will pick-up when people feel they can get and keep their jobs but then, what the heck do I know.
The future of real estate in TV will remain bright for the foreseeable future.